Since 2008, Customs has initiated proceedings against various assessees for alleged wrongful availment of the exemption from customs duties on imports of aircraft, explain Ranjeet Mahtani and Divya Jeswant of ELP.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap