HMRC have been released from an undertaking restricting certain covert activity by the department’s criminal investigators, the Exchequer Secretary to the Treasury announced.
Control over corporation tax would provide the Scottish government with a significant new lever to help deliver its ambition to boost sustainable economic growth, according to a paper presented to the UK government last week.
The work of HMRC’s High Net Worth Unit produced ‘additional tax yield’ of £162m in 2010/11, according to a Commons written answer.
The government has confirmed that an avoidance scheme designed to accelerate first year allowances is to be blocked with effect from 12 August 2011.
The government has abandoned a consultation – due to close in less than a fortnight – on proposed measures to counter tax avoidance ‘exploiting’ double tax treaties.
HMRC are reminding VAT ‘rule-breakers’ that they must notify HMRC by 30 September that they plan to make a voluntary disclosure if they wish to take part in the disclosure initiative launched in July.
John Cassidy reviews the raft of recent case law on this issue
Penalties for failure to comply with notices under FA 1998