On Tuesday multi-nationals will launch their latest attack on the lawfulness
of UK direct tax policy, as the ‘thin cap’ group litigation order reaches the
The case, whose test claimants are the French building giant Lafarge, Volvo,
Pepsi and Caterpillar, have labelled the UK’s thin capitalisation rules as
The thin cap rules are anti-avoidance measures designed to prevent
international groups loading up UK subsidiaries with debt in order to reduce
corporation tax bills.
The barrister leading the action, Graham Aaronson QC, said the challenge did
not object to the anti-avoidance rules per se, and that the claimants had not
been trying to avoid tax.
He added: ‘The anti avoidance initiatives should have been tailored to deal
with cases of abuse.’
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
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
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
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