VAT to be charged on the issue of phone cards says Minister

Advanced Manufacturing & Technology Services VAT will be payable on the issue of phone cards and certain other vouchers from 10 May, David Gauke, the Exchequer Secretary to the Treasury announced in a written ministerial statement.  11 May 2012

Activists given High Court go ahead to pursue HMRC over alleged 'sweetheart' deals

Banks A group of activists is to raise a preliminary challenge to an alleged 'sweetheart' tax settlement between HM Revenue and Customs (HMRC) and investment bank Goldman Sachs, according to a national newspaper. 18 Apr 2012

Out-Law Guides

Government launches consultation on ‘above the line’ tax credit for large R&D companies

The Government is seeking views on the introduction of an above the line (ATL) tax credit planned to benefit large companies involved in research and development (R&D). 29 Mar 2012

UK corporate exit tax rules go against its European commitments, EU says

The UK must amend its rules for taxing companies transferring their headquarters to another European member state or risk referral to the Court of Justice (ECJ), the European Commission has warned. 29 Mar 2012

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