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Public opinion in many countries has been outraged in recent years by stories of large multinationals apparently paying little or no corporation tax. This has focussed in large part on Intellectual Property (‘IP’) based planning by US multinationals – highlighted recently by the EU ordering Apple to repay €13bn to Ireland, on the basis that their tax arrangements contravened EU State Aid rules.

 

Four Certificates of Merit were presented at last night's CIOT President's Reception.

House of Commons Treasury Committee Hearing - Tuesday 6 September 2016

Shifting Sands: An Inquiry into UK tax policy and the tax base

 

House of Lords – Short debate on Tax Avoidance and Evasion – 13 September 2016

In a debate called by chartered tax adviser Lord Leigh of Hurley (Conservative), peers debated tax avoidance evasion for a little over an hour.

House of Lords - Finance Bill all stages - 13 September 2016

Finance Bill 2016 went through all its House of Lords stages on September 13th. The House of Lords cannot amend Money Bills so Committee stage, Report stage and Third Reading were formalities, but that did not stop their Lordships having their say on the Bill during Second Reading debate.

Report stage took place in the House of Commons on 5 and 6 September 2016. One new clause was added to the Bill and a number of amendments agreed, including an opposition amendment to Schedule 19 introducing a power for the Treasury to make regulations requiring large businesses to include a country by country report when they publish their group tax strategy.
 

Once again the Chartered Institute of Taxation (CIOT) and the Institute for Fiscal Studies (IFS) are jointly organising debates during this year’s party conference season, this time on the question: ‘What role can the tax system play in tackling inequality?’ 

With the Scottish Parliament back from its summer recess this week, the First Minister, Nicola Sturgeon, has set out her government’s legislative programme for the year ahead.

A year ago, in his speech to Labour Conference, Shadow Chancellor John McDonnell announced he had commissioned a review of HMRC. That review, chaired by Professor Prem Sikka, reported today.

HMRC yesterday announced plans for a major reorganisation, with current directors-general being assigned new responsibilities