Growing public anger over executive pay increases the likelihood of reputational harm to businesses and ‘can lead to public protests like those carried out by UK Uncut against the Top Shop boss Sir Philip Green’s alleged tax avoidance’, according to the High Pay Commission.
The Institute of Directors has welcomed Graham Aaronson’s report on a possible general anti-avoidance rule (GAAR) and noted that the report recommends a well-targeted, moderate rule that ‘should only bite on tax planning that is clearly abusive’.
A wide range of views on the pros and cons of a general anti-avoidance rule has been reflected in Tax Journal’s ‘One minute with ...’ series of interviews with leading practitioners.
HMRC announced the winners of its External Engagement awards, presented by David Gauke, the Exchequer Secretary to the Treasury, at 11 Downing Street on 16 November.
HMRC is seeking views on draft amendments to the PAYE, NIC and CIS regulations in readiness for the introduction of ‘real time information’ (RTI).