HMRC has made welcome changes to the new diverted profits tax, which takes effect from 1 April. As a result, the tax should not disrupt commercially based planning supported by economic substance, writes Shiv Mahalingham (Duff & Phelps).
The Treasury has published its proposed next steps on tackling evasion and avoidance. James Bullock (Pinsent Masons) reviews the detail.
Peter Cussons examines the potential EU law and international issues facing the UK's diverted profits tax.
According to Bridging the divide, a report published by accountancy firm EY, 81% of companies consider that tax risks and controversy will become more important to their business in the next two years.
What changes are the new OECD draft guidelines proposing? Bill Dodwell, head of the tax policy group at Deloitte, considers when the changes will take effect and what companies can do to prepare now.
The exchequer secretary to the Treasury, David Gauke, sets out the government’s three main priorities on tax.
HMRC has estimated the tax gap for 2011/12 at £35bn, or 7% of tax due, and suggested that the latest figures reflected a ‘long-term downward trend’.
Roy Millman and Tom Duffy examine the challenges facing the in-house tax function and its relationship with the rest of the company.
Who could be caught by reform proposals on ‘high-risk promoters’? Jonathan Levy considers the likely impact of HMRC’s latest consultation.
