The government should create two new institutions – a new Office of Tax Policy and a Joint Parliamentary Select Committee on Taxation – to inform its policy making, writes Judith Freedman (Oxford University).
Tony Beare (Slaughter and May) examines the recent eagerly anticipated First-tier Tribunal decision of Next Brand Ltd v HMRC on dividend boosters.
Online retailer Amazon has confirmed that, from 1 May, it is now recording retail sales made to customers in the UK through the UK branch. Previously such sales were recorded in Luxembourg.
The following HMRC guidance has been published:
Taxpayers in the UK are working two days longer on average in 2015 than in 2014 before they stop paying taxes and start earning for themselves, according to ACCA. ‘Tax freedom day’, calculated annually by the Adam Smith Institute, falls on 31 May.
The OECD invites comments by 17 June 2015 on its revised discussion document, BEPS action 6: Prevent treaty abuse (see www.bit.ly/1SnmjL89).
Stepping up the fight against tax crimes and terrorist financing, EU member states will be required to keep a central register of persons, including trusts, with effective ownership and control of companies, under the fourth anti-money laundering directive under new rules already agreed with the
Jurisdiction of the UT to hear appeals against information notices
If the new government wants to raise tax receipts without raising rates, could changes to payment due dates provide the answer? Andrew Hubbard (Baker Tilly) explains.
Australia, like the UK, has announced new measures countering the diversion of profits by multinationals, writes Heather Self (Pinsent Masons). The measures increase the pressure on the US to engage with the OECD’s BEPS project.