The Chartered Institute of Taxation has urged the government not to abolish mixers in its quest to clampdown on double taxation relief.
In a letter to the Revenue’s international division in response to a Common’s debate, the institute said it was concerned abolition could cause significant harm to the UK economy by reducing its attraction as a location for parent companies of multinationals and for intermediate holding companies.
Report argues that the government must change the way it makes tax and budget decisions
Drastically fewer offices for HMRC in the hope to reduce their running costs
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Companies must report on their complex financial structures including offshore accounts and notify HMRC