HM Treasury has published an update and more draft legislation dealing with reform of the controlled foreign companies (CFC) rules. Two circumstances have been identified in which a full, rather than partial, finance company exemption will be offered.
An arrangement reported to allow the Student Loans Company's chief executive legally to avoid thousands of pounds in income tax and national insurance contributions will be unwound, a Treasury minister announced in the House of Commons this morning.
Government debt has doubled in a few years to more than £1 trillion. David Smith considers how worried we should be.
Caroline Turnbull-Hall and Richard Thomas of the Office of Tax Simplification consider whether the tax code is really as long as everyone thinks it is.
Hartley Foster and Louisa Warburton review the impact of the Court of Appeal decision in Hankinson.
The draft anti-avoidance rule being considered by the government does not allay concerns over uncertainty and may disappoint public opinion, according to the Chartered Institute of Taxation.
The UK’s tax legislation runs to fewer than 5,500 pages and almost half of it has been rewritten in a ‘more logical and readable’ style, according to research conducted on behalf of the Office of Tax Simplification.