TEI Comments on Proposed UK Tax Strategy Publication Requirement
On February 2, 2016, Tax Executives Institute submitted comments with HM Revenue & Customs, the revenue authority in the United Kingdom, regarding a proposal in the UK government's Finance Bill 2016 to require certain large businesses with UK operations to publish a UK tax strategy. The Institute's comments recommend clarifying the definition of a "UK sub-group" and how multinational businesses that are not headquartered in the United Kingdom can comply with the publication requirement.
TEI Comments on UK Large Business Compliance Consultation
On October 14, 2015, Tax Executives Institute filed comments with HM Revenue & Customs, the revenue authority in the United Kingdom, regarding its consultation on Improving Large Business Tax Compliance. The Institute's comments focused on the Consultation's proposal to require large businesses to publish a tax strategy specific to their operations in the United Kingdom and the potential development of a Code of Practice on Taxation for Large Business, that could be voluntarily signed by interested taxpayers.