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.
Smith & Williamson announced the appointment of Laurence Bard, formerly a tax partner with a Big Four firm, as a Partner in its corporate tax team.
‘George Osborne’s Treasury is grappling with an exodus of personnel as officials fume at low pay levels and high staff turnover, creating real operational difficulties with the Budget just seven weeks away.
From the Daily Telegraph:
The tax avoidance question is ‘critical’, particularly in the current economic situation, but the subject should be kept in perspective, a Treasury minister said yesterday after a Labour peer warned that a ‘socially useless tax avoidance industry’ could harm the performance of the economy.