Ashley Greenbank (Macfarlanes) reviews the proposals on company distributions, which would amend the transactions in securities rules and introduce a new targeted anti-avoidance rule.
Commentary on some of the key draft provisions published on ‘legislation day’, written by Tolley tax writers David Smailes, Andrew Flint, Claire Hayes, Dan Meredith, Ruth Newman, David Rudling and Kevin Walton, with assistance from Amber Cottrell.
Tax Journal's end of year review is free to download here.
Tina Riches (Smith & Williamson) looks at developments over the last year and what might be happening in 2016.
Andrew Goldstone and Stuart Crippin (Mishcon de Reya) reflect on key changes to private client taxation in 2015.
A poll of 100 tax professionals reveals that 92% believed that HMRC does not have sufficient resource to ensure that all due tax is paid, with 88% saying an independent review of HMRC would be helpful.