Vodafone has lost its fight to appeal against a court ruling that it is
liable for £2.2bn in tax.
The Supreme Court said Vodafone’s application to appeal “did not raise an
arguable point of law of general public importance”. This follows a Court of
Appeal ruling earlier this year that overturned an initial ruling that the
mobile giant would not have to pay corporation tax on a holding company owned in
Vodafone had argued that its subsidiary, set up following the acquisition of
Mannesman in 2000, should not have to pay UK corporation tax as UK rules on
taxation of profits on Controlled Foreign Companies were incompatible with EU
CIot urges HMRC to consider a delay to the 1 September 2017 introduction of its new corporate offence of failure to prevent the criminal facilitation of tax evasion
The current business rates system is over-complex and reform is needed, but reforms should focus first of all on simplifying the appeals process, particularly for businesses which are subject to business rates exemption
The CIoT has called on the government to rethink its approach to ensuring online sellers pay the correct amount of VAT.
Jane Ellison to serve as 'tax minister' following ministerial responsibilities for public health. David Gauke become chief secretary to the Treasury