In the second of two articles on the Varney Review Chris Wales Managing Director of Lucida plc wonders whether it will ultimately deliver what it seems to promise
It would be difficult not to welcome the proposals in Sir David Varney's 2006 Review of Links with Large Business (HMRC November 2006 the Review). They provide a sensible framework for the future relationship between HMRC and large business and they appear to mark a significant change in attitudes. A long list of positives emerge from it including:
● recognition of the benefits of a rulings process to bring certainty to the tax treatment of complex transactions;
● the new emphasis on training;
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In the second of two articles on the Varney Review Chris Wales Managing Director of Lucida plc wonders whether it will ultimately deliver what it seems to promise
It would be difficult not to welcome the proposals in Sir David Varney's 2006 Review of Links with Large Business (HMRC November 2006 the Review). They provide a sensible framework for the future relationship between HMRC and large business and they appear to mark a significant change in attitudes. A long list of positives emerge from it including:
● recognition of the benefits of a rulings process to bring certainty to the tax treatment of complex transactions;
● the new emphasis on training;
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:
