John Cassidy reviews the raft of recent case law on this issue
Penalties for failure to comply with notices under FA 1998
Determination of penalties by First-tier Tribunal
Penalties for failure to comply with notices under FA 2008
George Osborne will deliver his autumn statement on the economy on Tuesday, 29 November. The Chancellor told MPs yesterday that the Office for Budget Responsibility will publish its economic and fiscal outlook on the same day.
Corporate loss carry-forwards are now as high as 25% of GDP in some countries, according to the OECD.
The government should revisit tax assumptions used in assessing the value for money of private finance initiative projects and introduce arrangements for sharing gains on the sale of PFI equity shares, MPs have recommended.
The proposed timescale for mandatory pooling of expenditure on fixtures is ‘much too short’ to ensure that the legislation is properly understood and applied, according to the ICAEW Tax Faculty.