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.
A bogus financial adviser was jailed for three years after Hull Crown Court heard that he persuaded more than 30 people to make unauthorised transfers of £3.4m from pension funds to avoid paying tax of £1.9m.
The Chartered Institute of Taxation has commended HMRC’s ‘willingness to listen’ to criticisms of the department’s original proposals to tackle dishonest conduct by tax agents.
HMRC are to publish an update to last month’s ‘tax treaties anti-avoidance’ consultation in the light of concerns raised by business and tax advisers.
A consultation on the debt cap rules closes today, and three consultations – concerning tax residence, the treatment of non-domiciled individuals and the simplification of regulatory penalties – will close on Friday, 9 September.