The government will not publish anonymised data on the corporation tax paid by FTSE 100 companies, David Gauke said in Commons written answer this week.
The Committee of the Whole House has concluded its consideration of the Bill.
A Public Bill Committee will begin its consideration of the Bill on Tuesday and Thursday next week.
18 April
MPs have recommend that the government restrict its use of retrospective legislation to ‘wholly exceptional circumstances, which should be narrow and clearly-defined’.
‘Is the government tough on avoidance? It has produced a report on an anti-avoidance rule. Who did it ask to develop this – a member of HMRC perhaps, or a barrister used by HMRC to combat avoidance?
HMRC will be forced to defend itself in court against an allegation that it gave a ‘sweetheart tax deal’ to Goldman Sachs, The Guardian reported today.
Maximising additional revenues and achieving a ‘sustained reduction’ in the tax gap are George Osborne’s top priorities for HMRC in the coming year.
Dave Hartnett’s replacement at HMRC will be Head of Profession, Second Permanent Secretary and Tax Assurance Commissioner.
A special low rate of UK corporation tax on finance profits from overseas financing within multinational groups will offer a ‘very significant’ benefit to groups setting up a structure that represents, according to a leading tax expert, ‘almost government-approved tax avoidance’.