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United Kingdom: Uncertain tax treatments v2.0 The inaugural Tax Day on 23 March saw a range of announcements on the future of UK tax compliance. One of most significant measures is the re-launch of the proposal to require Large Businesses to notify HMRC of uncertain tax treatments that they have adopted. The revised proposal looks a step in the right direction, but there remain a number of practical concerns to be ironed out. We would recommend that Large Business taxpayers continue to engage with the proposal to ensure it is implemented on proportionate and practicable terms. The intention is for the requirement to apply to returns that are due to be filed from 1 April 2022 onwards. Therefore, for annual taxes such as corporation tax, this is a live issue that affects the current financial period for the vast majority of taxpayers.

United kingdomGenerally accepted accounting practiceRisk reviewBusiness directorateLarge businessesLarge businessஒன்றுபட்டது கிஂக்டம்ஆபத்து விமர்சனம்வணிக இயக்குநரகம்பெரியது வணிகங்கள்பெரியது வணிக