Andrew Goodall reports on growing support for the idea of a tax on financial transactions
The CIOT’s Low Incomes Tax Reform Group has invited feedback on a new website providing advisers with information on ‘HMRC products', including tax credits and child benefit.
HMRC will not take any action in relation to penalties for late submission of the first ‘client lists’, due on 30 April, providing they are with HMRC by 3 May, according to a DOTAS update published by the CIOT.
The Finance Bill completed its second reading in the House of Commons last night, after almost five hours of debate.
HMRC have offered employers who have used employee benefit trusts and similar arrangements, designed to defer or avoid tax and NICs, an ‘opportunity’ to settle tax liabilities in an initiative that one professional body has described as ‘messy’.
Sue Walton, head of HMRC's anti-avoidance group, explains how HMRC aim to minimise the need for intervention to ensure compliance
Tony Spillett sets out a ten-point plan to establish and maintain a good working relationship with HMRC
Many recent cases in the UK on tax avoidance schemes have contained the following citation from the judgment of Ribeiro PJ in the Hong Kong Final Court of Appeal in the case of Collector of Stamp Revenue v Arrowtown Assets Ltd (2004 ITLR 454):