The latest Finance Bill runs to 184 pages and is due to be enacted in spring 2018. Among the measures affecting corporates are some helpful changes to the hybrid and other mismatches rules and corrections to anomalies in the corporate interest restriction regime along with some policy changes which are broadly favourable to taxpayers. There are rules on disguised remuneration concerning reporting requirements collection of liabilities where the employer is located offshore and clarification of the rules following a recent decision of the Supreme Court. The Bill contains several measures relating to avoidance and evasion which were announced in the Budget and will take effect from November 2017. There are a range of VAT measures dealing with online platforms. And of course there is a provision on the Budget announcement that made the headlines namely ensuring that first time buyers of properties...
