Is Britain’s economy still growing? The surveys say yes but, rightly or wrongly, the GDP figures on 25 April will be the arbiter. A fall would pose problems for the Coalition, David Smith writes.
Mike Gibson examines the most significant developments in the Bill since publication of the draft provisions last year.
‘The row between charities and the government over cuts to tax relief deepened on Tuesday after Downing Street suggested that some wealthy people were abusing the system.
‘Rotten to the core’
HM Treasury has published a ‘non-exhaustive list’ of changes made to draft legislation on controlled foreign companies between the February 2012 update and the Finance Bill published on 29 March.
The Chancellor has told the Daily Telegraph that he was ‘shocked’ to see that some the UK’s wealthiest people have organised their tax affairs, within the
‘George Osborne was left “shocked” after an analysis of the tax returns of multi-millionaires which he personally ordered found that they are exploiting loopholes to pay little or nothing at all.
OECD guidelines on transfer pricing and other international tax issues protect the interests of OECD countries only and it is ‘improper’ to suggest that they represent internationally agreed guidance, the Indian government has claimed.
Freshly baked savouries should not be subject to VAT ‘as we don't keep them hot after they've been made nor are they heated for the customer’, said Ken McMeikan, Chief Executive of Greggs, writing in
HM Treasury has published a new tax consultations tracker and listed 38 consultations that it (or HMRC) aims to launch over the next few months, in addition to those already launched this week.