Tax professionals have welcomed two government consultations on reforms designed to support innovation and productivity in the UK.
The Government has published two consultation documents with the stated aim of supporting innovation and productivity in the UK.
Robert Langston provides an outline of the rules in TCGA 1992 s 13 which can attribute the gains of overseas companies to UK shareholders
HMRC have published draft, updated guidance, together with minutes of the 4 April meeting of the Research & Development Consultative Committee.
HMRC have invited comments by 31 August 2011 on:
Mike Lane reviews the new purpose-based value shifting rule for companies disposing of shares or securities
Chris Bates and Judy Harrison provide your detailed review of the Supreme Court decision. Plus further insight from Giles Goodfellow QC, Rupert Shiers, Bill Dodwell and Jason Collins