A recent survey of senior in-house tax professionals reveals dissatisfaction with HMRC’s conduct in dealing with and resolving tax disputes, writes Liesl Fichardt (Clifford Chance)
Lisa Stevenson (Parisi Tax) answers a query on tax-efficient investment in a start-up company.
Heather Self (Pinsent Masons) asks if this the end for the ‘double Irish’ structure
HMRC has published its figures for the 2012/13 tax gap, which is the difference between the amount of tax due and the amount collected.
The Irish finance minister, Michael Noonan, announced in his Budget statement on 14 October that the government is putting a stop to ‘double Irish’ corporate tax avoidance arrangements – such as those utilised by multinational corporations Apple and Google – by requiring all companies registered
The proposed government amendments to the NICs (No 2) Bill have been published. The government has tabled nine amendments for the Public Bill Committee on 21 October 2014.
Thirteen year late appeal
After the recent RTI fiasco, where thousands of employees may have had their tax bills miscalculated by HMRC, questions should be asked, says George Bull (Baker Tilly).
Hui Ling McCarthy (Gray’s Inn Tax Chambers) writes that abandoning a statutory appeal when HMRC considers the proper route to be a claim for judicial review is not a decision to be taken lightly, and may lead to unexpected and unwelcome consequences.
Mark Middleditch (Allen & Overy) provides this month’s update, including: the UT decision in The Vaccine Research Limited Partnership; the G20 meeting of finance ministers and BEPS; the targeting of the quoted Eurobond exemption loophole; and the latest HMRC guidance on additional Tier 1 capital for foreign banks