Jeffrey Owens summarises some of the key challenges facing the OECD tax team.
Jennie Rimmer sets out some of the issues for Tax Directors to consider this year, and Rob Clayton (below) provides an in-house view on CFC reform.
Chris Walsh identifies six drivers that will shape the next five years.
HMRC figures show that significant progress has been made in resolving transfer pricing issues with companies since a new approach was adopted in 2008, the department announced.
The Finance Bill will be published on Thursday 29 March, the government announced yesterday. The Chancellor will deliver his Budget on Wednesday 21 March.
The House of Commons will rise for the Easter recess on Thursday 5 April.
HMRC has announced updates to the following guidance manuals (see Tax Journal issue 1098, 26 October 2011 for previous announcements). Details of the changes are provided on the HMRC website.
The tax practice at KPMG in the UK reported revenues of £395m in the year ended 30 September 2011, an increase of 12% on 2010.
HMRC has launched an Alternative Dispute Resolution service for SMEs, in an effort to resolve disputes ‘much earlier’ than at present and reduce compliance costs.