HMRC backflips on helpline closure announcements
HMRC has backflipped on this week's announcement that long periods of shutdown for self-assessment and VAT helplines,...
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The General Anti-Abuse Rule (GAAR) advisory panel has outlawed a disguised remuneration scheme involving employee rewards linked to a second-hand bond, labelling it as abusive tax avoidance.
From the outset, HMRC was sceptical about the legitimacy of the scheme and the GAAR panel ruled in the tax authority’s favour.
Read more at Accountancy Daily.