Gordon Brown in particurlar has fought against the withholding tax option, which is available for a transitional period for some EU states and territories, before they adopt a policy of open exchange of information between tax authorities, set to begin in 2005.
Jersey, Guernsey and the Isle of Man have all chosen to impose withholding taxes on interest earned by non-domiciled account holders, joining Austria, Belgium and Luxembourg who have all secured similar concessions expected to last until 2010.
The FT quoted Dawn Primarolo as saying: ‘I would have preferred them (Jersey, Guernsey and the IoM) to move immediately to automatic information exchange.’
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
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
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year