Many company sales entail part of the consideration being satisfied in the form of loan notes issued by the purchaser. Peter Rayney provides practical guidance on the tax issues.
HMRC has indicated it may be changing its view as to the nature of perpetual debt. William Watson and John Meehan consider the ramifications.
David Wilson sets out some key tax issues for advisers to consider this month.
Small businesses are ‘tomorrow’s Dysons and Microsofts’ and they need government support ‘as much if not more than the big businesses that have already made it’, ICAEW Chief Executive Michael Izza has said.
Barclays has voluntarily disclosed that its UK corporation tax liability for 2011 was approximately £300m.
‘Stefano Pessina, executive chairman of Alliance Boots, has launched a stinging attack on the climate for big business in the UK, warning that a relentless focus on tax could drive away global corporations ...
HMRC has updated five of the toolkits designed to help reduce common errors in the completion of tax returns:
Clause 3 (personal allowance for 2012/13 for those aged under 65), clause 5 (main rate of corporation tax for financial year 2012) and clause 6 (corporation tax charge and main rate for financial year 2013) of the Finance Bill were agreed by the Public Bill Committee on 26 April.
Tax Justice Network says the current regime for taxing multinationals is ‘not fit for purpose’
The Court of Appeal ruled unanimously in favour of the taxpayer in First Nationwide concerning dividends from share premium. Matthew Herrington reviews the wider implications.