Archive for August, 2010

UK Tax Avoidance Rule Update

Proposals for a General Anti-Avoidance Rule (GAAR) have recently surfaced again in the UK. A GAAR, which is a general principle which would allow HMRC to “ignore” any transaction where they conclude that the primary motive is tax avoidance, was considered by the Labour Government...

Read the full article

UK Tax Avoidance Rule Update

Proposals for a General Anti-Avoidance Rule (GAAR) have recently surfaced again in the UK. A GAAR, which is a general principle which would allow HMRC to “ignore” any transaction where they conclude that the primary motive is tax avoidance, was considered by the Labour Government...

Read the full article

General Anti-Avoidance Rule (GAAR)

As some of you may be aware, proposals for a GAAR have surfaced again and consultation has been on-going over the summer months. This seems to be a rite of passage for any incoming Government; Labour also flirted with the idea back in 1997/98 before...

Read the full article

The NDO (New Disclosure Opportunity) and the THP (Tax Health Plan) – How did they fare?

For those of you who missed previous postings, the NDO and THP were programmes designed to encourage tax defaulters to rectify irregularities in their tax affairs. In exchange for coming forward and paying back taxes, HMRC offered to impose a reduced penalty of 10% instead...

Read the full article

National Audit Office report on HMRC

The National Audit Office (NAO) published its annual report on HMRC’s performance at the end of July and it was far from glowing. The report contained a series of damning statements, painting a chaotic picture of constant under-performance and a heavily flawed system falling far...

Read the full article

Backlog of 18 million income tax cases in UK

The National Audit Office (NAO) recently published its annual report on HMRC’s performance and it was far from glowing. The report contained a series of damning statements, painting a chaotic picture of a heavily flawed system falling far short of requirements. A backlog of 18.2...

Read the full article

Backlog of 18 million income tax cases in UK

The National Audit Office (NAO) recently published its annual report on HMRC’s performance and it was far from glowing. The report contained a series of damning statements, painting a chaotic picture of a heavily flawed system falling far short of requirements. A backlog of 18.2...

Read the full article
 Page 1 of 3  1  2  3 »