Jennie Rimmer sets out some of the issues for Tax Directors to consider this year, and Rob Clayton (below) provides an in-house view on CFC reform.
Chris Walsh identifies six drivers that will shape the next five years.
HMRC figures show that significant progress has been made in resolving transfer pricing issues with companies since a new approach was adopted in 2008, the department announced.
Consultation on the introduction of a general anti-avoidance rule appears likely to feature in the Budget on 21 March, after David Cameron backed Nick Clegg’s call for tougher action to ensure that large companies pay their ‘fair share’ of tax.
The Investment Trust (Approved Company) (Tax) Regulations, SI 2011/2999, give effect to changes announced following consultation on modernisation of the tax rules for investment trusts to reflect changes in the investment management industry.
The Finance Act 2011 (Bank Levy: Amendment of Netting Agreements Provisions) Order, SI 2011/3015, amends the netting provisions for groups.