HMRC are set to implement agreements between the UK and a number of overseas jurisdictions to adopt a common reporting standard on financial account information.
A consulation document, Implementing Agreements Under the Global Standard on Automatic Exchange of Information to Improve International Tax Compliance, seeks views on the measures.
CIOT warns of “extensive battles” over interpretation of law
Felixstowe Dock & Railway Co Ltd v CRC (and related appeals) (Case C-80/12), CJEU, and TC3579
BUPA Insurance Ltd v CRC, Upper Tribunal (Tax and Chancery Division)
Tax relief on costs incurred on a property purchase that does not proceed
P Roelich (TC3704)
Pike v CRC, Court of Appeal
McLaren Racing Ltd v CRC, Upper Tribunal
D Keyl (TC3619)
Interfish Ltd v CRC, Court of Appeal
Howden Joinery Group (TC3396)
The Revenue paid £4.6bn in corporation tax refunds to around 286,000 companies in the year to 31 March 2013, according to accountancy UHY Hacker Young.
The firm’s tax head, Roy Maugham, said the figures highlighted the importance for businesses of reviewing corporation tax liabilities, with repayments sometimes taking between 12 and 24 months to organise – although two to three months is typical.