Jonathan Peacock QC and Michael Ripley consider what significance lies in a contention that ‘money goes around in a circle’ after the decision in Tower MCashback and identify what exactly was decided in Ensign Tankers, MacNiven and BMBF v Mawson in this regard
Ian Sandles examines the impact of the new rules on the financial sector
HMRC have published a briefing paper for tax agents on the trial of a ‘single compliance process’ in 12 UK locations. The trial was set to begin earlier this month but was delayed to allow detailed guidance to be prepared.
The OECD has urged all countries to sign up to a revised international convention designed to help counter cross-border tax evasion.
Carpenter Box, the Worthing-based firm of chartered accountants, announced the appointment of Rachel Pearce, the UK’s youngest Chartered Tax Adviser at the age of 21, as Tax Manager.
The UK has been ranked behind five major competitors on personal and business taxation, according to a Populus poll for The Times in which voters were asked to rate the UK’s ‘performance’ in terms of ‘the level of personal taxation’ and ‘the level of taxes on wealth creation’.
HMRC have flagged the 31 July deadline for renewal of tax credits claims and warned that claims will be examined ‘particularly closely’ as part of a clampdown on tax credit error and fraud.