Following this week’s update on progress with the Base Erosion and Profit Shifting (BEPS) project, the OECD has released details on a number of discussion drafts covering the additional work to be done to provide the framework for new tax avoidance rules, which will be put out for comment shortly

HMRC is contacting businesses to update them on redress payments on the taxation of interest rate hedging products and warning them that payments must be reported in Q1 tax returns

Following the announcement in the Autumn Statement, HMRC has published a discussion document seeking views on the use of overarching contracts of employment (OAC) by employment intermediaries in the temporary labour market, particularly focusing umbrella companies hiring temporary workers and relief for travel and subsistence expenses, for comment by 10 February 2015.

Plans to introduce legislation to control monitored promoters of tax avoidance schemes have now entered the final stage with the release of a third consultation on the regulations needed to support the Promoters of Tax Avoidance Schemes (POTAS) legislation

HMRC has introduced a new online payment service for taxpayers to pay their Self Assessment or VAT bill by debit card to replace the current Billpay arrangements.

Ahead of a year end update from the OECD on its Base Erosion and Profit Shifting (BEPS) project, Grant Thornton (GT) is warning that many businesses are highly sceptical about its potential success and want more clarity about what is acceptable tax planning

HMRC says it has pulled in £32m as a result of sending out its first tranche of Accelerated Payment notices to users of marketed tax avoidance schemes, who are now required to pay any disputed tax upfront

HMRC has published draft secondary legislation on the construction industry scheme (CIS) to improve the operation of the scheme, for comment by 7 January 2015

Deloitte, EY and KPMG have been dragged into the controversy surrounding the use by multinationals of subsidiaries in Luxembourg as a way of minimising corporation tax bills, following the release of further details from the so-called ‘Lux Leaks’ documents