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.
HMRC has published a summary of the alternative dispute resolution (ADR) pilot for large or complex cases ranging across businesses, public bodies and individuals. The pilot started in June 2011 following the publication of the refreshed litigation and settlement strategy.
The OECD has presented to the G20 its progress report on tax transparency and exchange of information, including the BEPS action plan and global model for automatic exchange of information.
HMRC has announced that the non-statutory business and non-business clearance regimes have merged to become the Other Non-Statutory Clearance Guidance.
Heather Self looks at the substantial shareholdings exemption in light of Vodafone's sale of its Verizon interests
Adam Craggs and Jonathan Levy provide your refresher guide to the rules.
HMRC has launched its alternative dispute Resolution service in full from 2 September 2013. This follows a two-year trial, which began in specified regions before being made available nationally in May 2012.