OECD guidelines on transfer pricing and other international tax issues protect the interests of OECD countries only and it is ‘improper’ to suggest that they represent internationally agreed guidance, the Indian government has claimed.
Freshly baked savouries should not be subject to VAT ‘as we don't keep them hot after they've been made nor are they heated for the customer’, said Ken McMeikan, Chief Executive of Greggs, writing in
Any bank told that HMRC considers it has not complied with the Code of Practice on Taxation for Banks will be expected to acknowledge HMRC’s view in any public pronouncements that the bank makes on its operation of the code, according to a new ‘
Tax investigation specialist Roy Baldwin has joined Smith & Williamson as a Director, Private Client Tax Services, after four years at Deloitte. The appointment is Smith & Williamson’s first senior level hire in Manchester since the acquisition of BTG Tax late last year.
HM Treasury has published a new tax consultations tracker and listed 38 consultations that it (or HMRC) aims to launch over the next few months, in addition to those already launched this week.
The task of simplifying the UK’s tax system is becoming ‘near impossible’, a leading tax expert said after the publication of the latest Finance Bill, which has three volumes, 227 clauses and 38 schedules.
HMRC has opened a ‘technical consultation’ on the design of the Gift Aid Small Donations Scheme announced at Budget 2011 and set to be introduced in 2013.
HMRC is consulting on proposals changes to the taxation of interest received, and rules on the deduction of tax from interest paid.
HMRC is seeking views on proposed changes to the income tax and corporation tax rules on manufactured payments, which the department describes as ‘amounts representative of interest or dividends paid and received under financial arrangements such as sale and repurchase arrangements (“repos”) and
‘It looks to me like the triumph of big business – or rather the triumph of the Treasury's view of what big businesses need and want.