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Swiss double
Discussions at official level are to be held in London from 21 to 23 June 2005 to review the 1978 double taxation convention between the UK and Switzerland. Representations are invited and should be sent to: Richard Thomas, Revenue Policy International, HM Revenue & Customs, 100 Parliament Street, London SW1A 2BQ, e-mail: richard.thomas1@hmrc.gsi.gov.uk.
HMRC press release dated 18 May 2005.
Avoidance schemes
The rules for disclosure of tax avoidance schemes require promoters and users of certain tax schemes to notify them to HMRC. In-house schemes are any arrangements that are otherwise within the rules but there is no person who is a promoter in respect of them. Such tax schemes may be used by an individual, partnership, trust, or company, but will be mainly used by companies that have their own in-house tax expertise.
The person who uses an in-house tax scheme must disclose it on form AIU3. In its original guidance, HMRC said that completed forms for in-house schemes should be sent to the tax office dealing with the scheme user's relevant returns. All other disclosure forms are sent to the Anti-Avoidance Group (Intelligence) (previously Avoidance Intelligence Unit). HMRC have now decided that all disclosure forms should be sent to the Anti-Avoidance Group (Intelligence). This will ensure that they are dealt with appropriately in a consistent manner. Therefore from 19 May 2005, a disclosure for an in-house scheme on form AIU3 should be sent to: HM Revenue & Customs, Anti-Avoidance Group (Intelligence), 1st Floor South, 22 Kingsway, London WC2B 6NR.
HMRC statement, 19 May 2005.
Finance (No 3) Bill
Dawn Primarolo announced in Parliament that it is expected that the Finance (No 3) Bill will be published on Thursday 26 May.
Hansard, 19 May 2005, vol 434, no 6, col 5ws.
Retail prices index
The all items retail prices index for April 2005 is 191.6.
