HMRC is consulting until 14 October 2015 on proposals to extend its bulk data-gathering powers in FA 2011 Sch 23 in order to enable HMRC to require data from electronic payment providers (e.g.
HMRC is publicising its victory before the First-tier Tribunal in Brain Disorders Research Limited Partnership v HMRC [2015] UKFTT 325 (reported in Tax Journal, 17 July 2015), which involved an ‘artificial tax avoidance scheme’.
HMRC is asking for comments by 14 October 2015 on the proposal to cease publication of its Personal Wealth National Statistics series.
Additional HMRC guidance includes:
Judicial proceedings and tax appeals
Following last week’s Summer Budget, the Finance Bill 2015/16 was published on Wednesday 15 July. It will have its second reading on 20 July, and the committee stage and the other remaining stages will take place after the House of Commons returns from summer recess (i.e. after 7 September).
The European Parliament passed a non-binding resolution on 8 July calling for multinational corporations to adopt country by country reporting (which requires companies to report details of their financial performance, tax details, assets and employee numbers) in order to help fight tax evasion i
The US-based Center for Freedom and Prosperity (CF&P), joined by representatives from 20 other free market and taxpayer advocacy organisations, sent an open letter warning to the US Congress about the ‘dangers posed to US interests and the global economy’ by the work done on the OECD’s BEPS p
The new president of the ATT, Michael Steed, has staked out a robust defence of the ‘responsible centre ground of tax planning’, arguing that the business or individual taxpayer which does not plan ahead opens themselves up to unintended and often unfair tax consequences.