Tori Magill (Pinsent Masons) answers a query on the validity of a discovery assessment received by a taxpayer who participated in a marketed tax avoidance scheme.
Robert Field and Julian Pike (Farrer & Co) explain why ‘no comment’ is no longer an acceptable response to a media story on tax
Actions have consequences: for HMRC as much as for taxpayers, writes BKL Tax
The Tax Avoidance Schemes (Promoters and Prescribed Circumstances) (Amendment) Regulations, SI 2015/945, ensure that, with effect from 17 April 2015, employees of promoters resident outside the UK are not excluded as promoters in the event that their employer does not disclose under DOTAS, and th
New tax reports: The Public Accounts Committee has published its 49th and 50th reports of this session, The effective management of tax reliefs and Improving tax collection, following evidence given to the PAC from Jim Harra (HMRC director general of business ta
The Finance Bill rules on the diverted profits tax (DPT) incorporate changes made in response to the informal consultation on that topic.
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HMRC has made welcome changes to the new diverted profits tax, which takes effect from 1 April. As a result, the tax should not disrupt commercially based planning supported by economic substance, writes Shiv Mahalingham (Duff & Phelps).
The Treasury has published its proposed next steps on tackling evasion and avoidance. James Bullock (Pinsent Masons) reviews the detail.
In response to criticism by the House of Lords Select Committee on personal service companies, HMRC has issued a report (see www.bit.ly/1xeS2XO) justifying the IR35 legislation, saying that the cost of its abolition would be £550m and that if the anti-avoid