All British overseas territories with significant financial centres have now signed up to “greater levels of transparency” of accounts held in those jurisdictions, HM Treasury announced on 2 May.
More than a million employer PAYE schemes have started to report PAYE in real time, HMRC announced on 2 May.
HMRC has reminded employers that the 2012/13 employer annual return is due by 19 May. “Send it as soon as possible to avoid a late filing penalty and make sure you have filed it online or you may face a further penalty,” HMRC said.
A new tax capacity building programme funded by the UK’s Department for International Development will help the Tanzanian and Ethiopian governments to put in place more effective tax administration, the government said today as exchequer secretary David Gauke prepar
The ability of multinational groups to exploit differences between national tax systems to reduce their tax bills without breaching transfer pricing rules is explained in a new HMRC briefing.
No country has the enforcement resources required to perform a thorough audit of every possible transfer pricing issue, the OECD has noted in the introduction to a draft Handbook on Transfer Pricing Risk Assessment, published on 30 April.
HMRC’s former head of tax advised colleagues against revisiting a settlement with Goldman Sachs partly because of concern that the company’s reaction might cause “major embarrassment” to the chancellor and HMRC, the High Court heard yesterday.
The triple dip has been avoided, with growth in the first quarter, and government borrowing is down, though only fractionally. David Smith asks whether things are getting better.
Tax experts frustrated at the lack of knowledge shown by many MPs, and the poor quality of much of the public debate on tax avoidance, have been invited to “adopt an MP”.
Littlejohn, an independent firm of chartered accountants based in London, is to join the PKF International network as a UK member in July. It will adopt the name PKF Littlejohn later this year.