Accountancy firms were responsible for 67 of the 113 direct tax disclosures made to HMRC under the disclosure of tax avoidance schemes regime during the year to 31 March 2011, according to figures released in response to a freedom of information request.
Tax experts who have been calling for a statutory definition of ‘residence’ for many years have welcomed proposed reforms but flagged a number of issues to be addressed.
Detailed proposals for reform of the controlled foreign companies regime do not reflect the government’s ‘high level aims’, according to the Chartered Institute of Taxation.
The VAT Consultancy announced the appointment of Sarah Franklin as a Senior VAT Manager and Hayley Rodger as a VAT Assistant. Franklin joins from Ernst & Young and Rodger joins from Bournemouth-based Princecroft Willis LLP.
Alvarez & Marsal Taxand UK has appointed Andrew Gavan as a Managing Director in London. He joins from KPMG.
PKF has warned that HMRC’s extended programme of business records checks will ‘waste everyone’s time’, and suggested that HMRC staff employed on the programme could be put to ‘much better use’.
There is a strong argument for pumping extra funds into HMRC’s efforts to reduce the tax gap, according to a leading firm of accountants and business advisers.