Instead of having to disclose details of in-house schemes when they are put in place, companies will now only have to do so at the same time they file corporation tax returns, which could be as long as a year after the arrangements have been put in place, the FT reported.
This concession is expected to be trailed in the finance bill, published today.
In last month’s Budget, the chancellor announced a crackdown on abusive tax avoidance schemes, which included accountants, bankers and lawyers being forced to tell the Revenue about schemes shortly after they are sold to individuals and companies.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states