The review of the UK funds regime continues with the publication of the wider review, following publication of a second consultation on the proposed new asset holding company regime and priority changes to the REITs regime. In Wilmslow, the FTT finds an attempt by a loan broking company to avoid irrecoverable input tax on advertising services is distinguishable from Newey and fails. There are changes ahead for the hybrid and other mismatches rules with legislation expected in Finance Bill 2021 to make the rules more workable and proportionate. As covid-19 continues to impact business operations, the OECD publishes transfer pricing guidance and revised treaty guidance.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
The review of the UK funds regime continues with the publication of the wider review, following publication of a second consultation on the proposed new asset holding company regime and priority changes to the REITs regime. In Wilmslow, the FTT finds an attempt by a loan broking company to avoid irrecoverable input tax on advertising services is distinguishable from Newey and fails. There are changes ahead for the hybrid and other mismatches rules with legislation expected in Finance Bill 2021 to make the rules more workable and proportionate. As covid-19 continues to impact business operations, the OECD publishes transfer pricing guidance and revised treaty guidance.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
