Pete Miller examines the effect the Bamberg case will have on transactions in securities
Detailed proposals for a single credit to replace the current state benefits and tax credits will be set out in a white paper to be published later in the autumn.
Ed Miliband, the Labour leader, has announced that Alan Johnson is to be the Shadow Chancellor of the Exchequer. Angela Eagle becomes Shadow Chief Secretary to the Treasury.
‘We have to question what it is that the introduction of a GAAR would really achieve,’ the CIOT has told HMRC.
The ‘threat of recharacterisation’ of transactions where there are no direct comparables is ‘viewed as a significant blocker to corporate activity and growth’, AstraZeneca has claimed.
A senior European Commission official signalled that Ireland may have to increase its business and personal taxes and ‘become a normal tax country’ in order to restore its public finances following the banking crisis, the Financial Times reported on 1 October.
HMRC has updated its introduction to the scheme, to reflect the legislation and HMRC online guidance as at 20 September. See www.lexisurl.com/Z2IP0.
HMRC issued a further reminder that anyone completing a self assessment tax return on paper must deliver the return by 31 October or face a £100 penalty.
EU member states have unanimously supported a Commission proposal to extend the deadline for the submission of 2009 cross-border VAT refund claims, HMRC said. It became apparent that the VAT refund portals of a number of other member states were not functioning properly.
Updated HMRC guidance, see www.lexisurl.com/GbHbz, sets out which figures in an online VAT return are calculated automatically.