The Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) (Amendment) Regulations, SI 2011/698, address a situation that is not covered by the current ‘disregard regulations’ (SI 2004/3256) which provide that certain foreign exchange gains and los
An ‘aggressive’ tax avoidance scheme putting ‘hundreds of millions of pounds’ of tax at risk was blocked with effect from 9 March in response to a disclosure made to HMRC under the scheme disclosure regulations.
Peter Cussons explains what the CCCTB proposals mean for UK and inbound groups
Chris Sanger on the cost of compliance and effective CT rates
Richard Bramwell QC on a purposive interpretation of distributions received by small companies
The Venture Capital Trust (Winding up and Mergers) (Tax) (Amendment) Regulations, SI 2011/660, amend SI 2004/2199 as a consequence of F(No 3)A 2010 provisions made in order to comply with EC state aid requirements, and update
Hartley Foster and Natalie Coope review the decision in Icebreaker and examine its impact on implementing tax structures
The European Commission has launched a consultation on a set of policy options including a financial transactions tax and a financial activities tax.
Steven Bone on the technical and tactical considerations concerning section 198 elections for capital allowances purposes
Graham Iversen reviews the potential impact of the Finance Bill 2011 provisions