An ‘aggressive’ tax avoidance scheme putting ‘hundreds of millions of pounds’ of tax at risk was blocked with effect from 9 March in response to a disclosure made to HMRC under the scheme disclosure regulations.
James Bullock contends that every company should have a ‘raids defence’ strategy as a routine operational part of their risk management procedure
LITRG’s view on the PTSP from Robin Williamson
Richard Clarke and Jessica McLellan review recent HMRC activity, including the Managing Deliberate Defaulters scheme and the Plumbers Tax Safe Plan (PTSP)
The public will not wear the ‘overly aggressive pursuit of lower tax bills’, David Gauke told the Hundred Group of finance directors in a recent speech.
Jonathan Levy on the decision in Megantic Services Ltd
‘A €200bn (£172bn) a year financial transactions tax should be levied on banks to discourage speculative trading, according to European lawmakers who voted on Tuesday to support the introduction of the so-called Robin Hood tax.
HMRC reminded companies that from April, all corporation tax payments will have to be made electronically and all company tax returns must be filed online for accounting periods ending after 31 March 2010.
The Climate Change Levy (Fuel Use and Recycling Processes) (Amendment) Regulations, SI 2011/616, revoke from 1 April 2011 the exemption from the climate change levy in respect of taxable commodities supplied for use in lead recycling.
Revenue & Customs Brief 07/11 concerns changes to the tonnage tax rules for qualifying ships.
Brief 08/11 explains changes to rules relating to the lower rate of landfill tax.