This content is from: Smallwoods lose out as leave to appeal in effective management case is refused The Supreme Court in London has refused the taxpayers in the Smallwood v HMRC dispute leave to appeal in a case that has implications for corporate taxpayers. January 27 2011
This content is from: HMRC clarifies its position following AXA judgement The UK tax authorities have set out their position on VAT exemptions for debt collection services after the European Court of Justice’s decision in the AXA case found against the taxpayer last year. By Salman Shaheen January 27 2011
This content is from: UK Treasury Committee takes evidence on tax policy One of the authors of a review of the UK tax system told politicians today that the distinction between the treatment of debt and equity financing was not good for business. By Matthew Gilleard & Salman Shaheen January 25 2011
This content is from: UK Supreme Court favours Parliament’s intentions in DCC loan relationships case Heather Gething and Ross Fraser of Herbert Smith analyse why the UK Supreme Court, in its unanimous decision in the case of HMRC v DCC Holdings (UK) Ltd [2010] UKSC 58, upheld the need for UK tax statutes to be constr... January 20 2011
This content is from: Members of UK GAAR study group unveiled The study group, chaired by Graham Aaronson, QC, that will look at the feasibility of introducing a general anti-avoidance rule in the UK, comprises one taxpayer, two academics, a High Court judge, a former judge and ... By Matthew Gilleard January 18 2011
This content is from: Labour slams UK government tax policy In a keynote speech on business and growth, John Denham, the opposition Secretary of State for Business Innovation and Skills, attacked the UK government for lacking a tax policy to boost the economy. By Salman Shaheen January 18 2011
This content is from: UK tribunal concludes LME’s use of separate companies is not abusive Lower Mill Estate Ltd (LME) has won its appeal against a UK First-tier Tribunal verdict that its use of separate companies to supply the land and building work for development projects was abusive. January 14 2011
This content is from: ATO sets out position on News Corporation restructuring case The Australian Taxation Office (ATO) has issued a decision impact statement arising from litigation concerning the restructuring of News Corporation (Newscorp). By Matthew Gilleard January 13 2011
This content is from: India authorities target avoidance by opening eight more offices abroad The Indian government has announced that it is to open eight overseas tax offices in an effort to improve tax information exchange and reduce tax evasion. January 12 2011
This content is from: European bank levies heighten double taxation fears A report prepared for a meeting of the heads of EU governments last month shows that the profits of leading banks could be hit hard by new bank levies. By Salman Shaheen January 11 2011
This content is from: European VAT rises arrive The rise in UK VAT to 20%, which was announced last June, came into effect today. But while the government and opposition are debating the pros and cons of the controversial move, many other European jurisdictions are... By Salman Shaheen January 04 2011
