The Insurance Companies (Calculation of Profits: Policy Holders’ Tax) (Amendment) Regulations, SI 2010/2932, amend the Insurance Companies (Calculation of Profits: Policy Holders’ Tax) Regulations, SI 2003/2082, which provide for a deduction for tax expended on behalf of policy holders or annuita
The Tax Treatment of Financing Costs and Income (Available Amount) Regulations, SI 2010/2929, widen the range of financing costs to be included in the ‘available amount’ by reference to which the debt cap – the ceiling on the total interest and other specified financing expenses which may be dedu
UK Uncut, the group behind recent protests at Vodafone and Topshop stores, targeted another 20 stores across Britain on Saturday, the Sunday Times reported.
Andrew Drysch looks at the changes to consortium relief
Michael Anderson explains the latest developments and summarises some of the cases in which judgments are awaited VAT focus
Ashley Greenbank examines Sch 3 and the effect it will have on company distributions
Giles Downes examines the capital allowances provisions
Stefano Borsi and Colin French review the impact of the provisions on venture capital schemes
Laurence Bard on the R&D measures in Finance (No. 2) Bill 2010-11
Baker Tilly observed that last year Cadbury paid UK corporation tax of around £197 million, and that the company has now announced plans to move its headquarters to Zurich ‘to take advantage of Switzerland’s more competitive tax regime’.