Back in May we reported how the CIoT’s then-president John Andrews said that the introduction of a general anti-avoidance rule would be like handing an arsenal of nuclear warheads to the Inland revenue. Now his successor Keith Daniels accuses Somerset House of “psychological warfare against the tax profession. We are now in a new, aggressive era,” he warns, after the Revenue knocked back a clutch of useful CIoT recommendations. Sounds like there’s no point worrying about Y2K: the CIoT seems to think that the Revenue will have annihilated half of us by then and turned the other half into gibbering wrecks.
Cameron set to lay out new sanctions for tax evaders, while work begins on a Panama Papers taskforce
Welcome to our live blog of the Budget 2016
Financial Conduct Authority has ended its review of HSBC's conduct relating to its Swiss operation
Live rolling coverage of the Autumn Statement 2015