The government issued a call for evidence on possible integration of the operation of the income tax and NIC systems, with a view to building ‘a strong evidence base on the burdens to employers of having to operate two different systems’.
There is public outrage at ‘flagrant’ tax avoidance schemes, the barrister leading the GAAR study group has told Tax Journal, but any proposed general anti-avoidance rule ‘must not have any significant detrimental effect to the attractiveness of the tax regime’.
Graham Aaronson QC talks to Tax Journal editor, Paul Stainforth, about the progress of the study into a general anti-avoidance rule
The Finance Bill completed its report stage in the House of Commons on 5 July. Amendments to the following clauses and schedules were agreed:
HMRC will send out more than 40,000 letters over the next few weeks, inviting people who have failed to register for VAT to make a full disclosure and take advantage of a reduced penalty.
Richard Clarke and Jessica McLellan provide this month's update on recent HMRC activity, including HMRC's extension of their EBT settlement proposal, a refinement in HMRC's approach to the largest partnerships and record keeping requirements for non-residents using the new statutory residence test
Your monthly review of key international tax issues by Chris Morgan, with comment on the patent box and CFC proposals and the informal consultation on the debt cap, and details of recent cases on EU issues