A common consolidated corporate tax base should be compulsory for all companies except SMEs after a transitional period, according to a resolution of the European Parliament approved last month by 452 votes to 172, with 36 abstentions.
The divide between tax professionals and tax justice campaigners on the issues of transfer pricing and country by country reporting by multinationals was laid bare at a ground-breaking ‘tax and transparency forum’ attended by more than 200 people in London yesterday.
John Whiting, Tax Director of the Office of Tax Simplification, gives an update on the progress of the OTS’s work – and asks for your input.
Small businesses are ‘tomorrow’s Dysons and Microsofts’ and they need government support ‘as much if not more than the big businesses that have already made it’, ICAEW Chief Executive Michael Izza has said.
Barclays has voluntarily disclosed that its UK corporation tax liability for 2011 was approximately £300m.
‘Stefano Pessina, executive chairman of Alliance Boots, has launched a stinging attack on the climate for big business in the UK, warning that a relentless focus on tax could drive away global corporations ...
A change to the UK-Swiss tax agreement signed last October provides for an increase in the maximum rate of the one-off payment from 34% to 41%.
HMRC’s latest Agent Update includes articles on the PAYE Real Time Information pilot, the e-marketplaces campaign and record-keeping apps for small businesses, as well as summaries of tax consultations and other developments.
HMRC has updated five of the toolkits designed to help reduce common errors in the completion of tax returns:
HMRC has reminded employers that their annual returns of employees’ tax and NICs for 2011/12 must be sent online to HMRC by 19 May.