Non-compliance with follower notice
There were thankfully few measures extending HMRC’s powers, but plenty targeting avoidance and ‘unfair outcomes’ – and no shame about imposing new types of tax on non-UK companies such as the DST and income tax on offshore receipts from intangible assets. Jason Collins (Pinsent Masons) reports.
Make sure you have a plan.
Tax lawyer Jeremy Cape talks to former shadow chancellor Sir Oliver Letwin about the political challenges facing tax policy makers.
Amid speculation that the chancellor is about to introduce a new sales tax on multinational companies in the forthcoming Budget, the CIOT is firmly of the view that the risks of pursuing unilateral measures ahead of an international solution outweigh the potential benefits and ‘could be counter-p
The FATF has adopted changes to the its recommendations and glossary to clarify how the recommendations apply in the case of financial activities involving virtual assets.
The CIOT, STEP, ICAEW and the Law Society have updated their questions and answers in relation to mixed fund cleansing, following comments received from HMRC on the original version.
HMRC is investigating the tax payments of 171 football players, 44 clubs and 31 agents. The numbers are a significant increase on the 90 players, 38 clubs, and 13 agents that HMRC was investigating in September 2017.
HMRC is consulting until 5 November on a technical note and two draft statutory instruments setting out UK government policy on exceptions to the general rule that Welsh rates of income tax will always apply to the non-savings income of Welsh taxpayers.