HMRC has offered a settlement opportunity for participants in certain tax avoidance schemes. Jonathan Levy examines the detail, and suggests there is a tension between this settlement opportunity and HMRC's overarching litigation and settements strategy.
James Hume and Steve Edge examine the issues to consider before engaging in substantive discussions with HMRC on the settlement opportunity for employee benefit trusts.
Chris Morgan's update includes coverage of the EC's package regarding tackling tax evasion and aggressive tax planning and the US fiscal cliff legislation.
R (on the application of Prudential plc and another) v Special Commissioner of Income Tax and another
HMRC guidance
Reduction in corporation tax reflects ‘the change in the economic environment and falls in the rate of tax’, say PwC and the Hundred Group
New head of tax will succeed Francesca Lagerberg
‘Tax avoidance’ is a dangerous expression but abusive tax planning has become intolerable in a period of austerity, says Aaronson
HMRC stresses that ‘tax under consideration’ is not the same as tax owed or unpaid
Chief prosecutor’s targets include ‘tax consultants who push dishonest avoidance schemes'