Alan Sinyor considers the recent tribunal decision in University of Cambridge concerning VAT recovery in relation to investment activity
‘Big brother’ concerns are misplaced, says Tim Buckingham of Eversheds via Lexis®PSL Financial Services
The following draft Orders in Council have been laid before the House of Commons for approval:
HMRC has published Revenue & Customs Brief 28/2013, setting out its policy on withholding repayment claims in avoidance cases.
HMRC is challenging arrangements used by contractors and other professionals to avoid tax by entering into a contract of employment with an offshore employer, while providing their services in the UK.
The Tax Justice Network has written to chief executives of FTSE 100 listed companies, drawing attention to a legal opinion which says that company directors have no fiduciary duty to avoid tax.
The G20 leaders’ declaration published last week endorses the OECD proposal on BEPS and a new standard of information exchange. Sandy Bhogal provides a quick overview
HMRC has decided not to consult formally at this stage on next steps for its tax agent strategy, but will continue to involve representative bodies in the development and testing of new digital services, including agent registration and authorisation.
A new crackdown on tax evasion will make information on all credit and debit card payments to UK businesses available to HMRC for the first time. Legislation was introduced in FA 2013 s 228 allowing HMRC access to merchant acquirer data, and came into effect on 1 September 2013 (SI 2013/1811).
The amount of additional corporation tax HMRC has collected through tax investigations into the largest businesses has fallen to its lowest level since 2006/07, according to figures obtained by law firm Pinsent Masons.