The House of Commons Library has published a briefing paper Personal Service Companies.
According to recent press reports, tax tribunals have a record number of appeals outstanding with nearly 30,000 tax appeals awaiting settlement.
HMRC has updated their list of people who deliberately get their tax affairs wrong.
The bulletin includes articles on:
The latest HMRC’s monthly tax statistics can be found at www.bit.ly/1LyFiMs.
The OECD has published its sixth comparative survey on advanced and emerging economies, including all OECD, EU, and G20 countries. 56 tax administrations are considered, with new entries for Costa Rica, Croatia, Morocco and Thailand.
The OECD has published a new Common Reporting Standard Implementation Handbook, a model protocol for extending existing TIEAs to cover automatic exchange of tax information, and a second edition of its report on voluntary disclosure programmes.
Following Tax Journal’s report, Issue 1274 on OECD new peer review reports on the implementation of the international standard for exchange of information (www.bit.ly/1Tq2ANY), British Virgin Islands (BVI) has been rated ‘largely compliant’ for its
The Australian Treasury has published a consultation on draft legislation for BEPS Action 13, transfer pricing documentation, which requires organisations with annual global revenue of A$1bn or more (approx £470m) to file an annual statement with the Commissioner of Taxation.
HMRC is merging two of its key investigation teams, specialist investigations (SI) and criminal investigations (CI), to enable it to ‘better share expertise and knowledge’ and be ‘more effective in tackling the most serious tax crime’.