The Revenue Scotland and Tax Powers Bill received royal assent on 24 September 2014. This Act is the third of three related Acts; the first two Acts introduced land and buildings transaction tax (LBTT) and Scottish landfill tax.
Reasonable excuse and ignorance of the law
Criminal conviction and proceedings in the tax tribunals
Reasonable excuse and late payment
Application to lift a bar to proceedings
Chris Lallemand (Smith & Williamson) discusses some contrasts between the UK implementing legislation for the UK/US IGA, equivalent US regulations and HMRC’s guidance
HMRC is taking an increasingly aggressive approach to disputes involving CTA 2009 s 441 – the targeted anti-avoidance rule on unallowable purpose. Those with genuine commercial borrowing, however, should stand firm, argues Heather Self (Pinsent Masons)
Taxpayers who wish to explore the possibility of resisting follower notices or accelerated payment notices received from HMRC should weigh up their options carefully. Patrick Cannon (15 Old Square) sets these out
The budget deficit should be falling fast as growth accelerates, but it is not – and government tax policy may be to blame, reports David Smith
HMRC has published its report, HMRC digital strategy: 2014, which sets out a ‘refreshed and comprehensive vision’ and reflects on HMRC’s activities in the last year and its ambition for the next few years.