“New rules aimed at ensuring that businesses which employ UK-based workers through offshore structures pay the correct employment taxes have been published for consultation by the Government.”
OUT-LAW.com, 31st May 2013
Source: www.out-law.com
“Tax avoidance has hit the news again, with Apple currently facing questions from the US Senate about its exploitation of Irish company law loopholes and David Cameron writing to offshore tax havens to push for more transparency over tax rules. As it happens, the High Court has just handed down a ruling in a case which raises many of the same issues.”
UK Human Rights Blog, 22nd May 2013
Source: www.ukhumanrightsblog.com
A scheme to avoid stamp duty land tax (SDLT) on the purchase of a London house, involving a novation of a contract, failed because SDLT sub-sale relief was only available where there was a transfer of rights and a novation was not a transfer of rights, according to a decision of the First Tier Tax Tribunal.
OUT-LAW.com, 10th April 2013
Source: www.out-law.com
“New rules that will allow government departments to ban companies and individuals which take part in failed tax avoidance schemes from being awarded Government contracts have been unveiled by Chief Secretary to the Treasury, Danny Alexander and Minister for the Cabinet Office, Francis Maude today.”
HM Treasury, 14th February 2013
Source: www.hm-treasury.gov.uk
“Changes to the stamp duty land tax (SDLT) sub-sale rules announced as part of the draft Finance Bill ‘will introduce complexity and uncertainty into commercial transactions’ said John Christian, a property tax expert at Pinsent Masons, the law firm behind Out-law.com.”
OUT-LAW.com, 11th December 2012
Source: www.out-law.com
“The former Rangers Football Club did not act illegally when it used employee benefit trusts (EBTs) to distribute money to players and staff, a tribunal has ruled.”
OUT-LAW.com, 22nd November 2012
Source: www.out-law.com
“A stamp duty land tax (SDLT) avoidance scheme which involved the interaction of the sub-sale and the partnership rules was effective, according to the Upper Tribunal.”
OUT-LAW.com, 8th November 2012
Source: www.out-law.com
“Stamp duty land tax (SDLT) schemes relating to residential or non-residential property of any value must be disclosed to HM Revenue & Customs (HMRC) from 1 November under the Disclosure of Tax Avoidance Schemes (DOTAS) rules, as new regulations come into force.”
OUT-LAW.com, 2nd November 2012
Source: www.out-law.com
“The high court has ruled that Sir Elton John was not libelled by the Times in articles that he claimed falsely linked him to a controversial tax avoidance scheme.”
The Guardian, 10th October 2012
Source: www.guardian.co.uk
“The BBC’s chief finance officer, Zarin Patel, is suing the Daily Star for libel over two stories about the tax affairs of corporation staff.”
The Guardian, 5th September 2012
Source: www.guardian.co.uk
“The government is promising to name and shame wealthy people who use ‘aggressive’ tax avoidance schemes.”
BBC News, 23rd July 2012
Source: www.bbc.co.uk
“The Jimmy Carr tax avoidance case has thrown the spotlight on Jersey and Guernsey, where the days of aggressive tax loopholes may be numbered.”
The Guardian, 26th June 2012
Source: www.guardian.co.uk
“A deal worth at least £10m between banking giant Goldman Sachs and the head of HM Revenue and Customs is set to be challenged in the high court on Wednesday by tax-avoidance campaign group, UK Uncut Legal Action.”
The Guardian, 13th June 2012
Source: www.guardian.co.uk
“Her Majesty’s Revenue and Customs will be forced to defend itself in court against allegations that it gave one of the world’s most profitable banks a sweetheart deal on the repayment of unpaid taxes worth up to £20m.”
The Guardian, 18th April 2012
Source: www.guardian.co.uk
“Steve Crompton & David Kitson, Tax Directors at RSM Tenon, review the Chancellor’s 2012 Budget announcements.”
Family Law Week, 21st March 2012
Source: www.familylawweek.com
“The Government has accepted that the introduction of a general anti-avoidance rule (GAAR) will improve the UK’s tax avoidance strategy whilst maintaining competitiveness, and will consult further with business on introducing a GAAR into the UK tax system, the Chancellor confirmed in today’s Budget.”
OUT-LAW.com, 21st March 2012
Source: www.out-law.com
“The Channel Islands are urgently challenging the legality of proposals they fear could ‘devastate’ a thriving internet trade in VAT-exempt goods, including CDs and DVDs.”
The Independent, 13th March 2012
Source: www.independent.co.uk
“The Treasury has rushed in legislation to close down two ‘aggressive’ tax avoidance schemes that a high-street bank had disclosed to HM Revenue and Customs in an effort to avoid tax. As it announced highly unusual steps to take retrospective action to shut down the ‘highly abusive’ schemes, the Treasury refused to the name the bank involved, although the Guardian understands that it is Barclays. The bank has refused to comment.”
The Guardian, 28th February 2012
Source: www.guardian.co.uk
“A watchdog is to be appointed to ensure that the taxman does not strike overly-generous sweetheart deals with big firms trying to avoid multi-million pound bills.”
Daily Telegraph, 28th February 2012
Source: www.telegraph.co.uk
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