Weekly Tax Brief - 7 June 2016

In this edition of RSM’s weekly round-up of the most important tax news, we cover the latest developments.

HMRC confirms to RSM it's 'business as usual' for routine tax planning

07 June 2016

Following our warning last week that HMRC planned an assault on all forms of tax planning, HMRC have sent us their response.

Middle-market business caught as multinational tax avoidance clampdown takes hold

07 June 2016

Many mid-sized businesses will need to be much more proactive in terms of thinking through international tax issues after a new RSM survey revealed that the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan proposals will impact middle-market firms as well as the large multinationals.

Employee ownership is alive and well but further HMRC cuts could inhibit growth

07 June 2016

Recent reports in the national press suggesting that the Government is withdrawing its support from the ‘John Lewis’ model of employee ownership are vastly overstated, but further cuts to the services offered by HMRC to such businesses could inhibit further growth in the sector.