HM Revenue and Customs is discussing the design of a new "offshore disclosure facility" with representatives of the professional bodies. It is pursuing investors who failed to disclose liability in 2007 but has been criticised for lack of progress. This week's issue of Tolley's Practical Tax newsletter* has more on this and:
EC proposes changes to the savings directive; Pre-budget report – tax cuts and tax havens on the agenda; Appeals – new two-tier tribunal launched; Views sought on enactment of concessions; Revenue prosecutions office 'lacked internal controls'.
* TPT is published by LexisNexis. Simon's Tax Briefing has the same content and goes out to Simon's Taxes subscribers.
