Legal News

Draft Finance Bill 2022—notification of uncertain tax treatment

Published on: 04 August 2021
Published by: LexisPSL
  • Draft Finance Bill 2022—notification of uncertain tax treatment
  • What, in outline, does the draft legislation do, and who will be affected by it?
  • How is an uncertain tax treatment defined?
  • What is the consultation history behind these measures?
  • Are there any substantial differences between the draft clauses and the provisions outlined in March 2021?
  • What are the most difficult or contentious aspects of the new rules?
  • In your view, are the new rules likely to achieve HMRC’s stated aim of reducing tax losses caused by businesses adopting uncertain tax treatments?
  • When will the legislation come into effect?

Article summary

Tax analysis: Kevin Elliott, director at KPMG and specialist in tax dispute resolution, discusses the new requirement for large businesses to notify HMRC of uncertain tax treatments. or take a trial to read the full analysis.

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