Alliance Boots: ‘Alliance Boots has accumulated a tax credit on £5bn of profit in the past six years, prompting calls by unions and MPs for an overhaul of the tax advantages enjoyed by private equity.
A Public Bill Committee has agreed a group of amendments to clause 54 and Sch 22 (Employee shareholder shares).
Measures to increase tax transparency will bring the international tax system into the modern age, the UK government declared at the close of the G8 leaders’ summit in Northern Ireland.
Notice of objection to witness statements: whether UT entitled to overturn FTT decision
HMRC has won a case involving a ‘complex and organised VAT fraud’ committed by film producer Richard Driscoll, who wrote and directed the first modern British film to be shot in 3D, Eldorado.
The Isle of Man, Jersey and Guernsey have all confirmed that they will join the Multilateral Convention on Mutual Tax Assistance.
A ‘backstop’ to existing anti-avoidance rules is considered by Mark Joscelyne and Mark Spinney
Patrick Cannon reflects on the judgment in Hossein Mehjoo v Harben Barker
Punam Birly explains the latest move to tackle avoidance of income tax and NICs
HMRC has issued on its website revised guidance notes, draft regulations, and a Tax Information and Impact Note (TIIN) on the Foreign Accounts Tax Compliance Act (FATCA). The updated guidance notes outline when a trust can be defined as an ‘investment entity’ or not under the new rules.