The objective of holding multinationals to account in relation to tax planning strategies – one of six stated ‘possible objectives’ – was discounted by a group of tax experts and practitioners reporting to the OECD in April on the case for greater disclosure of tax information.
The UK has become less attractive in recent years for firms that ‘rely more’ on capital allowances for plant and machinery and industrial buildings, according to research published by the Oxford University Centre for Business Taxation.
HMRC have given details of the quantification notices required by the corporation tax instalment payments regulations as amended by SI 2011/1785, dealing with the collection and management of the bank levy.
The Income Tax (Manufactured Overseas Dividends) (Amendment) Regulations, SI 2011/1787, amend SI 1993/2004 to take account of the reform of the taxation of foreign permanent establishments.
Practical guidance from Paula Tallon, including seven traps to avoid
Bradley Phillips provides a one page overview of the CFC proposals set out in the 110 page consultation document
Helen Lethaby provides this month’s review of recent developments affecting the financial services industry