HMRC says it is ‘alive to the risk’ of avoidance by multinationals
The government has heeded representations about the likely negative impact for the UK’s competitiveness and for multinational groups of proposals to change the tax treatment of quoted eurobonds and short interest, which will not now be introduced, James Smith writes.
New tax rules are intended to address concerns that the current tax regime acts as a barrier to launches of investment trusts. Ian Zeider reviews the detail.
A company can purchase its own shares, but the basic principle is that any amount paid in excess of the capital subscribed for the shares is taxed as a distribution. However, as Paula Tallon and Paul Howard explain, where a number of conditions are satisfied, capital gains tax treatment can be obtained for the shareholder.
Robert Langston answers a query on the limits of withholding tax credits
Company acting as trustee of pension funds
Generous backing could undermine investment in renewables, says Aldersgate Group
Moves will create about 2,000 highly-paid jobs, John Dixon tells FT
The decision in European Commission v Portuguese Republic (CJEU Case C-38/10) leaves the UK’s exit charge regime looking hard to justify, Paul Freeman writes.
Lakshmi Narain sets out issues for advisers to consider this month, including the start of pension reforms required of employers