HMRC's recent success in the Laerstate BV case has received a lot of publicity, particularly since, in recent years, it has enjoyed limited success in company residence cases. However, here HMRC successfully argued that a Netherlands incorporated company was UK resident, despite Board meetings having been held, and various resolutions and other documentation also having apparently been signed, outside the UK. Read our update 285K, October 2009
The Liechtenstein Disclosure Facility (LDF)
On 11 August 2009 HMRC announced the signing of two ground breaking tax agreements with Liechtenstein. The aim of these agreements is to ensure offshore investments in Liechtenstein made by UK residents are properly taxed and represent a commitment by Liechtenstein to increase its tax transparency. Find out more.
New Disclosure Opportunity (new tax ‘amnesty’)
HMRC have released further details of the ‘New Disclosure Opportunity’ (NDO) (the new “tax amnesty”) that was announced by the Chancellor in the 2009 budget. A formal announcement by HMRC, accompanied by a publicity campaign, is expected to be made shortly. Find out more.
The tipping point: Where tax risk and internal audit meet
Effective teaming between tax and internal audit could be the way forward in helping to manage tax risks across the enterprise 229K
The introduction of personal liability upon senior accounting officers within large corporates has set pulses racing and it has certainly begged the question; who on earth would sign up for this job? Find out more.
HMRC to ‘name and shame’ tax evaders
At present HMRC generally conducts their review of the affairs of taxpayers in a confidential manner, but this is all set to change. Find out more.
Enquiry management and resolution
To find out more about reducing the impact of tax enquiries and investigations, download our brochure 88K
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