The Chartered Institute of Taxation has questioned whether it is worthwhile for professional bodies to review draft legislation and provide comments on technical changes.
Peter Cussons reviews the current situation for taxation of controlled foreign companies and foreign branches
Following the publication of the draft legislation, Karen Hughes and Felicity Cullen QC consider where we are now on corporate distributions
‘Tax regime drives 20% of big businesses to consider leaving UK’ declared a Daily Telegraph headline on 25 August. But the research, conducted by TNS-BMRB for HMRC last year, found that just over 10% of the 1,088 respondents had considered such a move.
A technical note setting out how the ‘regional employer NICs holiday for new businesses’ will work is available via www.lexisurl.com/Dn57B.
Financial intermediary: receipt of exclusivity payment
The value of the retail prices index is:
HMRC is to host two free exhibitions for software vendors to showcase products and services to support online filing of company tax returns using the new iXBRL standard for accounts and computations.
Transfer pricing enables some companies with overseas ownership to gain an unfair advantage, some participants in a recent survey of larger businesses observed.
‘There's absolutely no question of HMRC softening its approach to tackling avoidance, and HMRC will continue to ensure that everyone pays the right tax,’ a spokesman told Tax Journal after reports suggested that tax officials were to take a softer stance on avoidance.