The government has invited proposals for new Enterprise Zones in areas affected by last week’s announcement by BAE Systems of up to 3,000 job cuts at Brough in Yorkshire, and Samlesbury and Warton in Lancashire.
HMRC has designated LIFFE Administration and Management as a recognised stock exchange under ITA 2007 s 1005(1)(b) with effect from 26 September 2011.
Detailed proposals for reform of the controlled foreign companies regime do not reflect the government’s ‘high level aims’, according to the Chartered Institute of Taxation.
HMRC beat a hasty retreat on treaty anti-avoidance but it remains to be seen whether the OECD will back off from the ‘beneficial ownership’ debate, explains Helen Lethaby in this month's briefing
HMRC recently issued a Brief on the application of the trading tests in the Substantial Shareholding Exemption. Lydia Challen and Andrew Howard consider the issues being addressed and the technical merits of the Brief.