PBR 06: Varney report backed to the hilt by Brown

PBR 06: Varney report backed to the hilt by Brown

Varney recommendations adopted in full by chancellor

Gordon Brown today announced he would fully adopt the recommendations of
former Inland Revenue chief Sir David Varney on large business tax.

Sir David had said two weeks ago in a review that measures should be taken to
give business a new clearence procedure which signs off on tax planning schemes
within 28 days.

Gordon Brown says that the new procedures would give large businesses greater
certainty about the tax treatment of transactions and more efficient resolution
of tax issues.

Tax experts have expressed concern that HM Revenue & Customs may not have
the resources to fully implement the new clearence procedures.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

3m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

3m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

5m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

6m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

6m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

9m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

9m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

10m Alia Shoaib, Reporter