Taxes which collect less than £5bn per annum should be challenged annually, with a view to their repeal or merger with other taxes, says the Institute of Directors (IoD). These taxes include stamp duty on shares (raising £3bn), air passenger duty (£3bn), CGT (£5bn) and IHT (£5bn).
HMRC announced this year was ‘the biggest digital self-assessment event ever’, with HMRC receiving 10.24m tax returns by midnight on 31 January 2015 – a record 85.5% of which were sent online.
The Indian government will not be appealing the Bombay High Court’s decision in Vodafone lndia Services Pvt. Ltd AY 2009-10 (WP No.871120).
Tax penalties also under review
Winding up and the jurisdictions of the Companies court and the FTT
Human Rights Act challenge
Recent data suggests that if you think HMRC is wrong, there is a significant chance that it may be, says John Barnett (Burges Salmon)
Beware of the binding power of rule 18, warns Jonathan Levy (Levy and Levy)
Charlotte Brown (Quorum Tax Chambers) considers the FTT’s recent approach to resolving VAT disputes where HMRC refuses to issue an appealable decision
The Public Accounts Committee has expressed its doubt over HMRC’s management and replacement of the Aspire technology contract, which is coming to an end in 2017.