I note PwC has issued an intriguing reaction to the consultation on extending disclosure of tax avoidance schemes legislation.
The firm’s head of tax policy, Mary Monfries, said: “We are positive that the government is entering into a consultation on this subject. We welcome the opportunity for there to be a proper debate to clarify what constitutes unacceptable tax avoidance vs acceptable tax planning…”
Although ostensibly non-committal, could it be that the request for clarification on what constitutes unacceptable tax planning be borne out of the fact a PwC-marketed scheme was shut down by the Revenue just last week? Of course, the firm said they’d already changed their policy on what was a ‘legacy’ case.
Just a thought.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states