The Select Committee on Statutory Instruments (SCSI) has concluded that the International Tax Compliance (United States of America) Regulations, SI 2013/1962, may be ultra vires. These regulations bring into effect the intergovernmental agreement made on 12 September 2013.
…Hungary & Liechtenstein; personal service companies; Wales; toolkit survey; HMRC protocol; entertainers
Legal professional privilege and engagement letters
Helen Lethaby reviews recent developments affecting the City, including profit deferral under AIFMD, compensating adjustments, new DOTAS rules and the Ingenious Media case.
David Whiscombe considers the recent decision of the Supreme Court in Cotter.
Paul Aplin on the aspirations for HMRC
The Supreme Court has found in favour of HMRC in the Cotter case, overturning the previous decision of the Court of Appeal.
The Cayman Islands has become the first overseas territory to sign a FATCA-style intergovernmental agreement with the UK for automatic exchange of information for tax purposes. Agreements have already been signed with the UK’s Crown dependencies: Jersey, Guernsey and the Isle of Man.
HMRC has published its third list of deliberate defaulters, i.e.
HMRC is inviting business start-ups to take part in four live webinars on Saturday 7 December 2013 as part of ‘small business Saturday’. The 60-minute webinars, run by HMRC, are aimed at new and prospective businesses and there will be opportunities for questions.