Market leading insight for tax experts
View online issue

Tax and the City briefing for September 2016

Speed read

With changes to lease accounting on the horizon, HMRC takes the plunge with a consultation on changes to UK lease taxation, with proposals ranging from business as usual to a new leasing allowance. HMRC is also consulting on proposals to clarify a number of uncertainties in UK partnership taxation, including the basis for allocating profits. HMRC successfully challenges a tax avoidance scheme seeking deductions for manufactured payments on the basis that it had no real world effect. In a further consultation, the OECD considers the position of banks and insurers under BEPS proposals for limiting deductions for interest costs.

If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.