Avoidance

“Pay upfront” demand concerns Ingenious movie schemes

The UK is the first of 44 countries to commit formally to the new country-by-country reporting template proposed last week by the Organisation for Economic Cooperation and Development (OECD).

The move will improve transparency and help identify risks for tax avoidance, claimed financial secretary to the Treasury David Gauke.

He added, “In time, improved transparency between business and tax authorities will help developing countries in dealing with compliance, as they often lack the capacity to collect information themselves.

The Organisation for Economic Cooperation and Development (OECD) has revealed the opening strategies of its much-anticipated action plan for a coordinated international fight against tax avoidance by multinational enterprises.

N Pattullo (TC3958)

Highlights from the event held at the University of Warwick

Bus and rail operator Go-Ahead granted Fair Tax Mark

“We should protest about the way the media misrepresent avoidance”

HMRC have set a closing date of the tax ‘amnesty’ relating to employee benefit trusts (EBTs).

Employers who used an EBT to avoid tax before 6 April 2011 must notify the department by 31 March 2015 that they wish to take advantage of the beneficial terms of the settlement opportunity to resolve PAYE and National Insurance liabilities.

All amounts due are due by 31 July 2015 unless the employer has in place a signed time-to-pay agreement.

CIOT predicts level playing field for access to alpine tax agreement

Chappell v CRC, Upper Tribunal (Tax and Chancery Chamber)

HMRC need to rethink their policy on film tax schemes

HMRC are set to implement agreements between the UK and a number of overseas jurisdictions to adopt a common reporting standard on financial account information.

A consulation document, Implementing Agreements Under the Global Standard on Automatic Exchange of Information to Improve International Tax Compliance, seeks views on the measures.