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.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Drastically fewer offices for HMRC in the hope to reduce their running costs
Laurence Field, the head of tax at national audit, tax and advisory firm Crowe Clark Whitehill outlines the 6 'unexpected items' regarding HMRC's Making Tax Digital plans
Many working in professional services have received honours this new year from the Queen