SIMON WHITEHEAD discusses the Court of Appeal's judgment in Marks and Spencer v Halsey
The ATT and AAT issued further joint guidance on UITF 40 to their members on 19 December. This deals in more detail with accounting practice and specifically considers when revenue should be recognised in respect of the type of work typically undertaken by members in practice.
Public perception about the amount of tax paid by business has made tax a global issue for multi-national companies, according to the results of a PricewaterhouseCoopers poll. It is no longer just tax authorities, but customers, pressure groups and other stakeholders, including analysts, who make judgments about whether a company pays a 'fair amount' of tax. As a result, the boards of multi-national companies now recognise that a clear tax strategy is integral to their business strategy.

