December 2012
● Government to introduce new TAARs
● Accountant jailed for fiddling VAT
● Consultation: FRC publishes consultation proposals on the draft Auditor Regulatory Schemes
● Fourth arrest in Olympus mega-fraud
● Insolvency practitioners face reform of fee structure
● Accountants beat banks as most trusted source of advice
● Prince Charles wants accountants to recognize environmental and social factors
● Consultation on the withdrawal of the VAT exemption for research
● Streamlined Gift Aid for charity shops
● Treasury waives VAT on Hillsborough single
● IASB maps out future programme
● Female board director numbers up
● HMRC announces settlement scheme
● VAT: taxation of telecommunications, broadcasting and electronic services
● FSA fines UBS £160m over LIBOR rate rigging scandal
● Deadline looms for Machine Games Duty registration
● NAO slams HMRC for poor & expensive customer service
● Statutory Residence Test draft guidance published
● Case Report: Saund [2012] TC 02400
● Final HMRC warning to UK Swiss bank account holders
● Summary of Responses: Proposed changes to VAT invoice rules
● 24 carat criminal jailed for gold smuggling VAT scam
● Big Four date for PAC grilling ‘not before March 2013’
● Last orders for pub empire boss in £1m tax debt rap
● US still not ‘on board’ with IFRS
● Draft legislation for Finance Bill 2013
● 11 nation coalition receives EU Parliament's all clear for a financial transaction tax
● Case Report: BW Male & Sons Ltd [2012] TC 02383
● Case Report: Cornwallis Care Services Ltd [2012] TC 02388
● Case Report: Franco Vago UK Ltd [2012] TC 02386
● Case Report: Gardiner [2012] TC 02390
● House of Lords issues report on EU banking union day before EU Summit
● FRC tribunal for Farepak director
● HSBC fined £1.2bn over drugs & al-Qaeda money laundering
● X Factor charity single to avoid VAT charge
● Guernsey’s zero-10 regime given EU’s final seal of approval
● Draft Finance Bill 2013 published for consultation
● Civil penalties of up to £50,000 for dishonest conduct by tax agents
● Case Report: Smith [2012] TC 02380
● EU pensions plans a recipe for job losses & economic damage - CBI
● Case Report: R (on the application of TNT Post UK Ltd) v R & C Commrs [2012] EWHC 3380 (Admin)
● Big Four set to be called up by PAC
● Case Report: Reid v R & C Commrs [2012] UKUT 338 (TCC)
● Fishy business lands £1m VAT fraudster in jail
● Garlic smuggler sentenced to six years
● CCH Tax News: Insight into the Autumn Statement 2012
● EC gets tough on tax evasion and avoidance
● HMRC Notice 700/09 Transfer of business as a going concern
● Starbucks says it will pay £10m more UK tax
● UK and Isle of Man to sign enhanced tax information exchange agreement
● HMRC insider among 14 jailed for tax fraud
● Accountancy AS 2012: HMRC to invest in fighting transfer pricing
● Accountancy AS 2012: Government rules out plan B
● Accountancy AS 2012: CT to go down to 21%
● Accountancy AS 2012: AIA to go up to £250K
● SEC charges auditors with SOX violations
● Consultation: IASB publishes proposals for amendments to IAS 16 & IAS 38
● Case Report: Total Technology (Engineering) Ltd v R & C Commrs [2012] UKUT 418 (TCC)
● Case Report: Secret Hotels2 Ltd (formerly Med Hotels Ltd) v R & C Commrs [2012] EWCA Civ 1571
● Case Report: PDF Electrical Ltd [2012] TC 02375
● Case Report: Mundays LLP v FOD Financien [2012] TC 02374
● PAC says HMRC “too passive” with big companies
● New way to get urgent authority to act for Child Benefit clients
● New way to claim Gift Aid and Small Donations Scheme payments
● HMRC uses credit file checks in hunt for tax evaders
● HMRC to receive £77m in investment from Government to clampdown on tax dodgers
● Stamp duty avoidance schemes double for £2m-plus homes
● Case Report: Daimler AG; Widex A/S v Skatteverket
● Case Report: Southwest Communications Group Ltd v FOD Financien
● Case Report: Young (t/a The St Helens)
● Government launches Balance of Competences Review on Taxation
● European net closing on Google’s tax affairs
● SI 2012/2951 - Value Added Tax (Amendment) (No. 3) Regulations 2012
● UK’s FATCA-style approach gets tough on crown dependencies
● Slow take-up by pubs of Machine Games Duty