Weekly tax brief 13 September 2016

An opportunity to reform the UK tax system?

13 September 2016

Recent statements by the Chancellor of the Exchequer Philip Hammond suggest a willingness to overturn some of the piecemeal changes put forward by his predecessor and to take a broader view of the UK fiscal system. So what can we expect at the Autumn Statement? We suggest five areas that the Chancellor may wish to tackle.

How should HMRC be reorganised?

13 September 2016

HMRC has announced details of its proposed internal reorganisation but will this be enough to ensure it meets its twin aims of improving customer satisfaction and optimising the tax yield? The plans also raise wider questions about what society wants the tax system to achieve, how the tax authority should be resourced and how that resource should be applied.

Who’s the baddie?

13 September 2016

Following the European Commission ruling that Apple should pay Ireland €13bn in back taxes, the reaction from the US was indignant. So why do the US authorities appear to be more annoyed with Brussels than they are with Apple?

New disclosure facility offers ‘last chance’ for those with undeclared offshore interests

13 September 2016

Unlike previous facilities, the WDF offers very little in the way of carrot, and rather more in the way of stick given the new sanctions that are set to be introduced in 2018.