The Revenue have announced new thinking on how penalties for incorrect tax returns and accompanying safeguards could be updated . The document contains a new
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Anti-avoidance legislation
Last week TJN-UK published a press release on research undertaken on its behalf by Richard Lupson-Darnell. The background note on that research has been published
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ECJ says no to double non-taxation
There are numerous reports this morning on the ruling of the European Court of Justice yesterday that appears to have allowed the UK to continue
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How much does tax evasion cost the UK? Start at £75 billion
I was asked this question today. Let me give a current estimate. According to reports in The Times yesterday: The VAT gap – the difference
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Tackling offshore abuse
KPMG’s reaction to the Treasury’s proposed new rules for controlled foreign companies that deal with the consequences of the Cadbury’s ruling is typical of many.
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Domicile – no change yet
Andrew Goodall succinctly summarises my feelings on the absence of comment on domicile in the pre-Budget Report. Let’s just hope this will be Gordon’s swan-song
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ISAs to stay – at implicit cost to the poor
The Pre-Budget Report had little to explicitly say on tax. No doubt the press releases to be issued soon will add much more. But it’s
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41% of all UK tax legislation tackles tax avoidance
The most common complaint heard from tax practitioners is about the volume of legislation that they face. New research by the Tax Justice Network, UK
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An offshore amnesty?
Reports of a tax amnesty for those who have been hiding cash in off-shore accounts are sweeping the UK’s accounting press. Reports suggest that the
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