News: October 2012
● Case Report: R & C Commrs v UK Storage Company (SW) Ltd [2012] UKUT 359 (TCC)
● Directors sentenced over hotel VAT fraud
● HMRC Brief 29/12 - Excise duty: increase in restoration fee following the seizure of a road vehicle
● HMRC turning to informers to increase tax revenue
● Legal challenge to HMRCs 20% VAT change on ebooks
● One million child benefit change letters to be sent
● UK arms dealer sentenced for illegal supply of weapons
● HMRC gives tax-free lift to UK Tier 2 instruments
● CFCs and permanent establishments - draft guidance
● Consultation - Devolution of Landfill Tax to the Scottish Parliament
● Dormant companies becoming active for Corporation Tax
● Barclays due in court over Libor swap mis-selling spat
● Lloyds added to global Libor-fixing bank probe
● Accountants criticise HMRC's performance before MPs
● Draft regulations on worldwide debt cap – CFC interaction
● EU to close Luxemburg VAT loophole
● European Court of Justice to assess UK tax anti-avoidance legislation on assets held abroad
● Four years for second Vantis fraudster
● HMRC Notice 204B Commercial importers and tax representatives - EU trade in duty-paid excise goods
● Income tax relief caps will hit small business owners, warn CIOT
● IVSC and IFAC reaffirm MoU on financial reporting
● UK economy leaps out of recession with 1% growth
● Assessing the EU's impact on the UK: a review of the balance of competences
● Case Report: Marcia Willett Ltd [2012] TC 02301
● Case Report: Royal British Legion (Llandough & Leckwith) Club Ltd [2012] TC 02303
● EU Commission backs 10 euro zone countries’ financial transaction tax plan
● Starbucks chief denies tax claims as Costa profits rocket
● UK-Brazil tax information exchange agreement
● Delay for compulsory female board quota vote
● PwC loses BG Group audit in competitive tender
● Case Report: Dreams plc [2012] TC 02290
● Case Report: X NV v Staatssecretaris van Financiën (Case C-498/10)
● Updated guidance on disclosure of Tax Avoidance Schemes (DOTAS)
● CC probe shows audit is a lucrative market
● Chinese audit firms to challenge major players
● EU set for compulsory female board quota debate
● HMRC Notice 700/1 Should I be registered for VAT?
● Draft debt cap regulations on the tax treatment of financing costs and income
● Amazon forces UK publishers pay 20% VAT on ebook sales
● Google in fresh French tax threat
● SMEs are soft target for HMRC in tax crackdown
● eBay dodges £50m UK tax bill
● New Treasury guidance on financial sanctions
● Government to implement all Wheatley’s LIBOR changes
● CC says bundling non-audit services not a barrier
● Case Report: R & C Commrs v FCE Bank plc [2012] EWCA Civ 1290
● Consultation: Employee owner scheme consultation begins
● HMRC Notice 728 New means of transport
● RSM Tenon in £2m legal spat with K2 tax scheme
● 25% of FTSE350 chairman fail to champion corporate governance
● Government to implement all Wheatley’s LIBOR changes
● MPs call for probe into Starbucks’ tax affairs while unions urge boycott
● Latest TDSI (Tax Deduction Scheme for Interest) guidance notes
● Deadline looms for paper tax returns
● Corporation Tax on chargeable gains - Indexation Allowance (August)
● HMRC Notice 702/9 VAT: Imports Customs procedures with economic impact and end-use relief
● Starbucks roasted for paying no UK taxes for past three years
● FRC seeks views on bid to improve financial reporting disclosures
● HMRC Notice 733 Flat Rate Scheme for small businesses
● HMRC nets an extra 23% in tax from wealthy “non doms”
● Consultation: How HMRC propose to verify Scotch whisky
● Ex-ICAEW chief calls for regulation of asset-based finance industry
● McLaren wins ruling that £32m spy fine is tax deductible
● PAYE Settlement Agreement payments
● UK's top tax rate cut bucks the global trend
● Case Report: Sub One Ltd (t/a Subway) v R & C Commrs [2012] UKUT 34 TCC
● Financial Transaction Tax to press ahead with 11 EU nations
● HMRC Notice 197 - Excise Goods: receipt into and removal from an excise warehouse of excise goods
● Women rise up as glass ceiling begins to crack
● Consultation - review of existing legislation on VAT reduced rates
● Lehman Bros. administration spat nears resolution
● PAYE Real Time Information – employers who operate specific PAYE schemes
● Government says no to new “mansion tax”
● Multinationals set to relocate to UK, says E&Y
● Employee-owners to give up employment rights for CGT exemption on shares
● Council tax frozen for third year
● Air tax will 'destroy' UK industry, top plane boss warns
● JJB Sports & Optical Express landlords set to lose millions, says research
● 'Despicable' church accountant stole over £500K meant for orphans
● PAC dubs off-payroll schemes as “staggeringly inappropriate”
● Final report on reforming the structure of the EU banking sector published
● Businesses under pressure to breach Bribery Act
● UK business looks to legitimate tax planning
● Draft legislation for the Inheritance Tax (Market Makers and Discount Houses) Regulations 2012
● Case Report: USB AG v R & C Commrs; DB Group Services (UK) Ltd v v R & C Commrs 2012 UKUT 320 (TCC)
● Miliband backs Kay review on City short-termism
● FRC’s annual report reveals highs and lows
● FRC issues Exposure Draft of limited scope amendments to FRED 48 (draft FRS 102)
● Seed Enterprise Investment Scheme (SEIS)
● Jail for £800k VAT fraudster
● FSA to consult on listing rules changes
● Possible changes to income tax rules on interest
● Tenon's film & TV unit sold to Saffrey Champness
● Workplace auto-enrolment pensions start
● Rise in UK businesses tax planning scheme use
● HMRC issues reminder for paper tax returns
● Case Report: Field Fisher Waterhouse LLP v R & C Commrs (Case C-392/11)