On 16 January 2015, the European Commission published the non-confidential details of its decision taken in October 2014 to open a formal state aid investigation into a ruling by the Luxembourg tax authorities in favour of Amazon’s transfer pricing arrangements dating back to 2003.
HMRC told staff last week that 650 people across 70 offices in the UK will be made redundant, according to the Public and Commercial Services Union (PCS).
HM Treasury has suggested that the government may narrow the notification requirements of, and widen the exclusion for loan relationships for, the proposed diverted profits tax (DPT).
The OECD has released public comments on the BEPS discussion draft on action 14 (making dispute resolution mechanisms more effective). See the 413-page document.
The Supreme Court has granted HMRC permission to appeal in both the Deutsche Bank and UBS AG cases, Deloitte has noted.
Inaccuracy in an IHT return
Careless inaccuracy in a return
Peter Cussons examines the potential EU law and international issues facing the UK's diverted profits tax.
Despite a general perception to the contrary, it is possible to appeal a follower notice penalty, writes Chris Davidson (KPMG)
Laura Charkin and Stephen Pevsner (King & Wood Mallesons) review the rules in the draft Finance Bill 2015