Jo Bateson (KPMG) considers what the new levy means, what the alternatives were and what other changes we might expect to see in the future.
HMRC now routinely grants clearance for transactions for inserting new holding companies, but it remains reluctant to do so for transactions inserting personal investment companies.
In a recent (unreported) case, the tribunal applies Mydibel in the UK. Julie Green (VAT manager at MHA MacIntyre Hudson) reports.