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TAX POLICY ADMINISTRATION


Most large business ‘customers’ of HMRC continue to be satisfied with the overall service provided by the department, according to a survey conducted late last year and published last week on HMRC’s website.

HMRC are seeking views on how to ensure that genuine losses incurred in business or employment are relieved against income or gains while deterring taxpayers from entering into tax avoidance arrangements intended to exploit the reliefs.

Tax professionals have given a qualified welcome to detailed proposals for reform of the UK’s controlled foreign companies regime.

Could Greece be another Lehman Brothers, devastating the global economy? David Smith investigates

BTG Tax announced the appointment of Gareth Short, a specialist in offshore tax planning for entertainers and sportsmen and women, as a Partner.

The Finance Bill began its report stage in the House of Commons last night, when MPs debated the Bill for almost nine hours.

A new clause introducing transferable personal allowances for married couples was defeated by 473 votes to 23.

HMRC have invited comments by 30 September on draft regulations to be made in the exercise of data-gathering powers contained in Sch 23 to the current Finance Bill.

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