HMRC are seeking views on possible changes to rules that determine how non-arm's length sales of gas are valued for the purposes of the North Sea fiscal regime.
Responses to consultation sent a ‘strong message’ that applying the proposed tax exemption for overseas branch profits to all territories, and the inclusion of chargeable gains, would enhance the competitiveness of the UK regime, HM Treasury said.
The release of the Vickers report on the future of the UK banking industry makes it opportune to make a few observations on the current taxation policy for the banking sector.
Sara Luder reports on HMRC's defeat in First Nationwide concerning, inter alia, the meaning of ‘overseas dividends’
Chris Morgan provides your monthly update
A Committee of the whole House debated the Finance Bill for ten hours until 3 am this morning.
Andrew Goodall reports on growing support for the idea of a tax on financial transactions