There’s an interesting piece in Taxation this week about the Drummond case, recently before the Special Commissioners.
For those who don’t know, the case is about the purchase, and rapid surrender, of a life assurance policy to generate a tax loss where there is no real economic loss. It is, in short, a classic tax avoidance scheme.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...