A leading Reuters editor told the BBC’s Newsnight earlier this week that only international co-operation will help prevent large multinationals using tax havens to undermine the tax base of national governments, after campaigners slammed a proposed exemption for profits of forei
The European Commission has launched a consultation on a set of policy options including a financial transactions tax and a financial activities tax.
The Stamp Duty Land Tax (Administration) (Amendment) Regulations, SI 2011/455, amend the land transaction return to provide extra information, in connection with a programme to move HMRC’s information technology systems to a
‘Britain's banks may be forced to reveal the breakdown of their corporate tax contributions under a plan from the Treasury Select Committee to demand the information as part of its report on the sector.
The UK/Liechtenstein tax information exchange agreement signed in August 2009 entered into force on 2 December 2010, HMRC announced.
The European Council has adopted a directive aimed at strengthening administrative co-operation ‘to enable the member states to better combat tax fraud’.
A new online resource, ‘Basic PAYE Tools’, is to replace HMRC’s Employer CD-ROM. The resource is available on the Business Link website.
Taxand announced the appointment of Jaime Sol as the new leader of its global compensation service line. Sol is a partner at the Spanish law firm Garrigues, where he leads the firm’s compensation and benefits practice area.
HMRC are writing to 900 ‘known tax evaders’ to tell them that they are now under ‘increased levels of personal scrutiny’, as part of a new programme for Managing Deliberate Defaulters (MDD).
Deferred bonus arrangements meeting certain conditions are to be excluded from proposed measures to tackle income tax and NIC avoidance by means of ‘disguised remuneration’.