Among initiatives to achieve this, Balls said the government plans to
harmonise tax treatment of some
financial instruments with conventional financial products by the summer
‘Today, I am able to set out the next stage in our reforms to ensure the tax
and regulatory system will encourage the development of sharia compliant
products,’ Balls said.
The legislative summer recess typically starts in June or July.
It is estimated that the sukuk market is worth over £20.4bn and is now
starting to attract non-Muslim investors.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed