Control over corporation tax would provide the Scottish government with a significant new lever to help deliver its ambition to boost sustainable economic growth, according to a paper presented to the UK government last week.
The government has confirmed that an avoidance scheme designed to accelerate first year allowances is to be blocked with effect from 12 August 2011.
The Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order, SI 2011/2220, amends SI 2003/2076 to reflect new water technology lists issued by DEFRA.
Your monthly review of key international tax issues by Chris Morgan, including comment on tax treaties anti-avoidance and the Anson case
The de minimis mismatch, how to identify the group and relevant companies, clearing intercompany loans ... Robert Langston looks at five key issues that arise in practice concerning the debt cap rules
Paul Howard sets out the tax consequences for the different methods of finance
Capital allowances: personal security