A House of Lords committee called for a review of the powers available to HM Revenue & Customs, arguing that some powers granted since 2012 are disproportionate and lack effective safeguards for taxpayers.
“HMRC is right to tackle tax evasion and aggressive tax avoidance. However, a careful balance must be struck between clamping down and treating taxpayers fairly. Our evidence has convinced us that this balance has tipped too far in favour of HMRC and against the fundamental protections every taxpayer should expect,” said Lord Forsyth, chair of the House of Lords Economic Affairs Committee.
My news story for Tax Notes (paywall), December 4: https://www.taxnotes.com/worldwide-tax-daily/tax-policy/peers-call-review-disproportionate-hmrc-powers/2018/12/04/28n75
This story was also published in the December 10 edition of Tax Notes International.
A House of Commons committee has highlighted concerns about the level of Brexit preparedness at the UK border, telling officials it is “alarming that so little planning has been undertaken” for Northern Ireland.
My news story for Tax Notes (paywall), December 7*:
Other Brexit stories published in the week ending December 7:
Brexit advice vindicates opposition to backstop, Unionists say (December 6*)
Contempt vote forces publication of Brexit legal advice (December 5)
Advocate General’s opinion boosts anti-Brexit campaign (December 5*)
*These stories were also published in the December 10 edition of Tax Notes International.
The Brexit deal awaiting ratification by UK lawmakers is the only possible deal, but the EU is prepared for the UK to remain a member, European Council President Donald Tusk said.
It is becoming clearer that the deal approved by EU leaders is “the best possible — in fact, the only possible one,” Tusk said November 30 at the G-20 summit in Buenos Aires.
My news story for Worldwide Tax Daily, published by Tax Analysts on November 29 (paywall). This story was also published in the December 10 edition of Tax Notes International: EU Is Prepared for ‘No Brexit,’ Tusk Says
Prime Minister Theresa May insisted that the UK would be “better off” under her Brexit deal, even after a government analysis suggested that the economy could be 3.9 percent smaller compared with staying in the EU.
A no-deal Brexit could result in a 9.3 percent reduction in GDP after 15 years, according to the analysis published on November 28. May appears to be facing defeat on December 11, when members of Parliament will vote on the deal agreed upon by EU leaders November 25.
My news story for Worldwide Tax Daily, published by Tax Analysts on November 29 (paywall). This story was also published in the December 3 edition of Tax Notes International: May Unmoved by Government’s Brexit Impact Assessment
The government dismissed calls for members of Parliament scrutinising finance bills to be allowed to question tax experts, despite one MP’s claim that “the tax code has increased massively” in recent years.
“There is a huge volume of tax legislation and lots of it is incredibly technical,” Kirsty Blackman, Scottish National Party MP for Aberdeen North, told a House of Commons public bill committee as it began examining the 315-page finance bill in two sessions on November 27.
My news story for Worldwide Tax Daily, published by Tax Analysts on November 29 (paywall):
U.K. Government Rejects Finance Bill Scrutiny Concerns