‘These criminals have collectively cost the taxpayer over £765m,’ says Exchequer Secretary
Treasury Committee member John Mann expects Google to be called in over ‘tax avoidance’
Those with outstanding 2009/10 returns have been offered favourable penalty terms
Mistakes happen but deliberate non-compliance ‘is far from the norm’
Watchdog is looking at principal commitments made under the HMRC’s change programme
HMRC is 'investing more time and resources than ever to identify tax cheats'
ACCA welcomes 'much needed boost to staffing levels'
HMRC's history of ensuring its anti-avoidance provisions comply with the fundamental freedoms of EU law is not a happy one. On 30 July, it released its consultation document into reforming the rules around the transfer of assets abroad (in ITA 2007 ss 714–751) and the attribution of gains in TCGA 1992 s 13. It appears to be up to its old tricks again.
Steve Edge gives his view on why the time is right for the introduction of a limited scope general anti-abuse rule of the type proposed
Paul Miller reviews the recent Greene King cases, which show just how important it is, for tax purposes, to get the legal and accounting analysis right in the financial products arena.