Enquiry into terminal loss relief claim
Invalid information notice
The Council of the EU has adopted an amendment to the Anti-Tax Avoidance Directive (‘ATAD II’) extending the hybrid mismatch rules to cover arrangements with non-EU countries from January 2020.
The CIOT has asked the Treasury for clarification of taxpayers’ compliance obligations in relation to tax charges which may arise under certain provisions dropped from Finance Bill 2017, in the interim period between 6 April 2017 and introduction of a post-election Finance Bill.
HMRC has published revised advisory fuel rates for company cars, which apply from 1 June 2017. These rates are to be used only where employers either reimburse employees for business travel in company cars, or require employees to repay the cost of fuel used for private travel.
The election manifestos of both the Conservative party and Labour party fail to provide adequate detail about the consequences of their policy proposals, according to the Institute for Fiscal Studies (see http://bit.ly/2qmLnIY).
Granting robots a legal personality could lead to the emergence of an electronic ability to pay, which should be recognised for tax purposes, argues Xavier Oberson of the University of Geneva, in an article for the OECD yearbook, How taxing robots could help bridge future revenue gaps.