The Finance Bill 2014 will contain provisions which will have effect from 30 January 2014 in relation to arrangements entered into on or after that date.
Taxpayer’s negligence in completing a tax return
Existence of a compromise agreement
Billal Malik says tribunals are becoming stricter on time limits
Jason Collins reports on HMRC’s draft legislation and further consultation on tackling marketed avoidance schemes
Jackie Wheaton answers a query on the tax treatment of legal costs of an out of court settlement.
The response of the UK’s top income tax payers to the shadow chancellor’s announcement that a Labour government would reintroduce the 50% rate could have ‘big implications’ for tax revenues, the Institute for Fiscal Studies (IFS) has warned.
The government has invited comments by 24 February on proposals, announced in the Autumn Statement following an earlier consultation, to require upfront payment where a tax scheme ‘hits avoidance hallmarks’.
The National Audit Office will report in the spring on ‘controls to develop, monitor and evaluate the use of tax reliefs’.
The House of Lords Economic Affairs Finance Bill Sub-committee, whose inquiry is focusing on partnership taxation and tax policy making, heard evidence on 27 January from Judith Freedman, professor of taxation law at the Uni