The Office for Tax Simplification (OTS) has published its final report and recommendations on the taxation of partnerships.
The Charity Commission has published new guidelines setting out its regulatory position on the use of fiscal reliefs available to charities and on the fine distinction between:
The European Council has formally adopted the common anti-abuse clause of the Parent-Subsidiary Directive, following the agreement reached by finance ministers in December.
The National Insurance Contributions Bill 2014/15 has now completed its passage through the House of Lords. Final amendments were made during its third reading, primarily relating to zero-rating secondary class 1 NICs for apprentices under the age of 25.
The chancellor has said that measures to boost the oil industry will be in the 2015 Budget, which is scheduled to take place on 18 March, following his announcement during last month’s Autumn Statement that he would cut the supplementary charge on profits levied on top of UK corporation tax from
Scotland’s deputy first minister John Swinney has confirmed that Scotland’s new tax agency is ready to start operations from 1 April 2015.
Tax penalties and the Bill of Rights
MTIC fraud and knowledge of the taxpayer
Bayo Randle (Devereux Chambers) considers techniques to avoid paying the full costs of bundle preparation, pending the Supreme Court appeal in Eclipse 35
Legislation will be introduced in Finance Bill 2015 amending ITTOIA 2005 to remove the ‘unfair tax advantage’ provided by B share schemes. Helen Gilbey and Sarah Falk (Freshfields Bruckhaus Deringer) analyse the new rules