HMRC published on 30 June details (see www.lexisurl.com/KzF07) of several live or planned consultation
HMRC published on 30 June details (see www.lexisurl.com/KzF07) of several live or planned consultations most of which were announced at the 22 June Budget. As Tax Journal went to press the live consultations included those on interim improvements to the Controlled Foreign Company regime; moving to a more territorial basis for taxing the profits of foreign branches; implementing a new levy based on banks’ balance sheets from January 2011; measures to tackle financial products avoidance; changes to anti-avoidance rules on loan relationships and derivative contracts; tax policy making; and the scale of costs to apply in successful debt litigation cases taken by HMRC.
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HMRC published on 30 June details (see www.lexisurl.com/KzF07) of several live or planned consultation
HMRC published on 30 June details (see www.lexisurl.com/KzF07) of several live or planned consultations most of which were announced at the 22 June Budget. As Tax Journal went to press the live consultations included those on interim improvements to the Controlled Foreign Company regime; moving to a more territorial basis for taxing the profits of foreign branches; implementing a new levy based on banks’ balance sheets from January 2011; measures to tackle financial products avoidance; changes to anti-avoidance rules on loan relationships and derivative contracts; tax policy making; and the scale of costs to apply in successful debt litigation cases taken by HMRC.
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