Some immediate reaction on the OECD's Action Plan on Base Erosion and Profit Shifting.
HMRC’s tax assurance commissioner publishes his first annual report on resolving disputes.
James Bullock looks at the activist group's failed attempt to challenge HMRC
Labour front bench is ‘willing to support the government in introducing the GAAR, but … not convinced that this version is up to the job’
Steve Edge gives his view on why the time is right for the introduction of a limited scope general anti-abuse rule of the type proposed
‘Barclays has been warned that its reputation is being "tarnished" by the persistent use of "complicated financial structures" to boost profits.
David Gauke, Exchequer Secretary to the Treasury, said that to remove any doubt about a tax avoidance scheme's effectiveness, legislation had been changed in relation to the following numbers of disclosed schemes since 2005:
Estimating the tax gap provides an important tool in understanding the causes of non-compliance and helping HMRC to focus on ways of reducing it, Dave Hartnett told the Treasury Sub-Committee yesterday.
More than £25 billion of tax was ‘under consideration’ in HMRC’s Large Business Service (LBS) enquiries at 31 March 2011, but the department emphasised that the estimate did not represent tax owed or unpaid.
Most large business ‘customers’ of HMRC continue to be satisfied with the overall service provided by the department, according to a survey conducted late last year and published last week on HMRC’s website.