Jeanette Zaman (Slaughter and May) considers the draft legislation on hybrid mismatch arrangements and discusses their application to commercial transactions and the potential significance of the imported mismatch rules.
Trade or speculation?
Was a boat chartering trade carried on commercially?
Scope of the CIS scheme
HMRC has published a policy paper on the patent box following the release of draft FB 2016, along with draft clauses to make changes to the design of the UK patent box to comply with a new international framework for preferential tax regimes for intellectual property (IP) set out by the OECD’s wo
HMRC is consulting until 4 March 2016 on proposals to change the scope of the bank levy from a global balance sheet basis to a UK balance sheet basis from 1 January 2021. For the condoc, Re-scoping of the bank levy, see www.bit.ly/1ZaFYjT.
The total value of corporation tax payments in arrears has hit £1.59bn this year, up from £1.52bn at the same point a year ago, despite an improving economic climate, said finance provider LDF.
Finance (No.2) Act 2015 introduced a surcharge of 8% on the taxable profits of banking companies arising on or after 1 January 2016.
The EC on Monday 14 December confirmed that it has requested more information in its ongoing investigation into whether Irish tax rulings granted to Apple constituted illegal state aid.