TAX POLICY ADMINISTRATION

The OECD has published the following discussion drafts as part of the BEPS project:

The Revenue Scotland and Tax Powers Act 2014 (Commencement No.

James Bullock examines HMRC's consultation on closure rules and finds the proposals amount to a staggering 'inequality of arms'.

Hey, a new tax. As a tax adviser, that sounds like pretty good news. (Shame it is so bad for the country, but that's politics for you).

Patrick Cannon comments on the impact of a recent decision of the European Court of Human Rights.

Commentary prepared by the Tolley tax team on the draft Finance Bill 2015 rules on:

• special purpose share schemes, with comment from Ashley Greenbank (Macfarlanes);
• diverted profits tax, with comment from Sandy Bhogal (Mayer Brown);
• investment managers and disguised fee income, with comment from Ben Eaton (Goodwin Procter);
• bank loss relief, with comment from Anna Anthony (EY).

Simon McKie (McKie & Co) argues why HMRC’s tax gap figures might actually have been overestimated rather than underestimated

Professor David Ulph (University of St Andrews) takes a look at possible causes and consequences of the complexity of the UK tax system

Jolyon Maugham (Devereux Chambers) writes that morality has its uses. As a tool for delivering tax outcomes it is highly imperfect, but the law falls into disrepair when it does not keep pace with changing mores.

Tolley commentary on the draft tax legislation for Finance Bill 2015