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.
Barbados, the Seychelles, San Marino and Trinidad and Tobago fall short of the international standard on exchange of information for tax purposes, the OECD's Global Forum on Transparency and Exchange of Information reported.
The protocol (see SI 2010/2689) to the double taxation agreement between the UK and Switzerland entered into force on 15 December 2010, HMRC announced.
Mazars has appointed Tim Davies as national Head of Tax. Davies has been a Tax Partner at Mazars for over four years, and his previous experience includes roles with PwC, Ernst & Young, and HMRC.
The Registered Pension Schemes (Provision of Information) (Amendment) Regulations, SI 2011/301, and the Registered Pension Schemes (Accounting and Assessment) (Amendment) Regulations, SI 2011/302, make changes to the information about individuals which a scheme administrator is required to repor
HMRC says it will be ‘reasonable about difficulties and mistakes’ made in submitting corporation tax computations and accounts using the Inline eXtensible Business Reporting Language (iXBRL) format, after a Treasury minister rejected claims that the imminent implementation of iXBRL is imposing ‘h
Leading UK banks have said they expect a commitment by government to the creation of ‘a level playing field internationally for UK banks’.
The following draft statutory instruments have been published: