HMRC has released three more toolkits providing guidance on the types of error that HMRC frequently sees in tax returns.
HMRC Statement of Practice SP1/11 sets out the UK’s practice in relation to methods for reducing or preventing double taxation, and supersedes the guidance in HMRC Tax Bulletins 25 and 31 (published in 1996 and 1997).
KPMG has appointed Peter Beckett as a Tax Director in its real estate practice. He joins the firm from Ernst & Young.
‘Britain's fastest-growing protest movement is to target scores of high street banks in the next stage of its campaign against government cuts and corporate tax avoidance. [UK Uncut] will stage its first national day of action against UK banks on 19 February.’
HMRC has invited comments, before the end of March, on whether the BPSS official statistics release should be published beyond the April 2011 release. HMRC granted 395,400 time to pay arrangements, worth £6.83 billion, between November 2008 and the end of December 2010.
Revenue & Customs Brief 04/11 sets out HMRC's view of the VAT treatment of commercially operated sports leagues.
HMRC’s ‘Spotlights’ page now provides contact details and an online form for anyone wanting to tell HMRC about suspected tax avoidance.
Several countries are tackling aggressive tax planning through improved transparency and disclosure, the OECD said.
A new report sets out a range of approaches, from mandatory disclosure to forms of ‘co-operative compliance’.
A lower rate of CCL will apply to supplies of natural gas in Northern Ireland from 1 April 2011.
Revenue & Customs Brief 06/11 explains the change and links to draft legislation, an explanatory note and a tax information and impact note.
HMRC has designated the Stock Exchange of Mauritius as a 'recognised stock exchange' under ITA 2007 s 1005(1)(b) from 31 January 2011. The exchange is also regarded as a recognised stock exchange for inheritance tax purposes from the same date.