A number of media reports in the last week suggest that the financial transaction tax (FTT) is going to be watered down and delayed. But the Commission has denied this and FTT proponents remain sceptical of such claims.
The chairwoman of the UK Parliament’s Public Accounts Committee said that HM Revenue & Customs (HMRC) is not being aggressive enough in pursuing the public interest by combating tax avoidance by large companies.
Retailers Against VAT Avoidance Schemes (RAVAS) will send a position paper to David Gauke, the UK’s tax minister, urging him to crack down on the incorrect application of low value consignment relief (LVCR).
