Complex arrangements explained ‘HMRC’s confusion’
Effect of HMRC’s finding in previous years
Penalties cancelled in the absence of loss of revenue
HMRC collected £943m from large businesses via accelerated payment notices (APNs), in 2015/16, according to international law firm Pinsent Masons.
HMRC has publishes revised terms and conditions and consultation response on double taxation treaty passport scheme (see http://bit.ly/2oIiLvp).
The Department for Business, Energy & Industrial Strategy (BEIS) has published a call for evidence on its proposals for the world’s first public beneficial ownership register of overseas entities holding UK properties, following on from the discussion document published in March 2016 (see
The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill, which will introduce a land transaction tax in Wales to replace SDLT and a Welsh anti-avoidance rule for devolved taxes, passed stage 4 of the legislative process on 4 April 2017 and is now in the four week period (5 Apri
The OECD has released new guidance for the automatic exchange of financial account information in tax matters (see http://bit.ly/2opeqd4). The guidance is intended to support the consistent implementation of the CRS and includes:
The OECD has published updated consolidated guidance for tax administrations and MNE Groups on the implementation of country by country (CBC) reporting (BEPS Action 13). The additional guidance clarifies: