The challenge facing the Office of Tax Simplification became clearer today when it emerged that the UK’s tax system has more than 1,000 reliefs.
HMRC has concluded in the light of an ECJ judgment that the UK’s block on recovery of input tax on business entertainment of overseas clients is inconsistent with EU law.
In advance of the publication of the Coalition's 'Roadmap for corporate tax reform', Chris Sanger reflects on the possible sources of inspiration for the Treasury
HMRC has said it is making ‘tough decisions now’, following the announcement of budget cuts in last month’s spending review, to ensure that resources are ‘more effectively focused on collecting revenue and providing better services for taxpayers’.
Labour MPs have tabled five new clauses to the current Finance Bill, including provision for:
The next Budget will be delivered on 23 March 2011, George Osborne told the Treasury Committee.
The Chancellor will deliver his autumn statement on 29 November 2010.
The UK and Liberia have signed a Tax Information Exchange Agreement.
Turnaround times for requests for agent authorisation, self assessment registration and self-employment registration are beginning to improve, HMRC said.
Revenue & Customs Brief 45/10 sets out changes to HMRC guidance on the meaning of dwelling-house for the purposes of CAA 2001.
HMRC invited comments by 22 November on draft regulations dealing with ‘mismatches’ between the tax and accounting treatment of interest and other financing expenses.