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.
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