UK Seeks To Force Big Cos. To Report Uncertain Tax Positions

Law360 (March 19, 2020, 6:56 PM EDT) -- The U.K. tax authority began seeking public input Thursday on a proposed rule to require large businesses to notify it when taking an uncertain tax position they believe will be challenged.

HM Revenue & Customs issued a two-month consultation on the proposals, which would apply to any business with annual revenue over £200 million ($229 million), a balance sheet totaling more than £2 billion or both. Businesses that are already required to notify HMRC of uncertain tax arrangements through the Disclosure of Tax Avoidance Schemes would be excluded from the new rule, the authority said.

It said the requirement was designed...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!