Mark Whitehouse, Tax Litigation, Reynolds Porter Chamberlain, discusses the proposals to extend the tax disclosure regime to NIC
Mark Whitehouse Tax Litigation Reynolds Porter Chamberlain discusses the proposals to extend the tax disclosure regime to NIC
The tax disclosure regime introduced as Part 7 to Finance Act 2004 has been a fact of life for corporate tax and personal tax planners for several years. With effect from 1 August 2006 a fundamental change to the rules was made by the introduction of the 'hallmarks' of tax avoidance as they have become known (Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2006 (the 'Prescription Regulations')). The aim of these changes was to focus the disclosure rules on marketed avoidance: those schemes HMRC really wanted to know about rather than the rather...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Mark Whitehouse, Tax Litigation, Reynolds Porter Chamberlain, discusses the proposals to extend the tax disclosure regime to NIC
Mark Whitehouse Tax Litigation Reynolds Porter Chamberlain discusses the proposals to extend the tax disclosure regime to NIC
The tax disclosure regime introduced as Part 7 to Finance Act 2004 has been a fact of life for corporate tax and personal tax planners for several years. With effect from 1 August 2006 a fundamental change to the rules was made by the introduction of the 'hallmarks' of tax avoidance as they have become known (Tax Avoidance Schemes (Prescribed Descriptions of Arrangements) Regulations 2006 (the 'Prescription Regulations')). The aim of these changes was to focus the disclosure rules on marketed avoidance: those schemes HMRC really wanted to know about rather than the rather...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
