The Financial Times (6 April) reported that the EU is collecting evidence to decide whether to launch an investigation into unfair state aid in Portugal, Italy, Greece and Spain and whether these member states have illegally underwritten banks ‘that have bolstered their capital’ with def
The International Tax Compliance Regulations, SI 2015/878, set out due diligence and reporting obligations for UK financial institutions in relation to the Revised EU Directive on Administrative Cooperation (DAC), the Multilateral Competent Authority Agreement with non-EU jurisdictions to impleme
Legislation in FA 2015 will restrict to 50% the proportion of annual taxable profit that banks can offset by certain carried-forward reliefs from 1 April 2015.
Chris Morgan (KPMG) comments on the new corporate tax year which commences on 1 April.
Andrew Levene (BKL) answers a query on the tax issues surrounding a wealthy Hong Kong businessman's investment in UK property.
David Pickstone (Stewarts Law) reviews the recent Upper Tribunal decision in Ingenious, which considered whether HMRC could make allegations of dishonesty at a late stage in proceedings without having pleaded them in its statement of case.
Martin Zetter (Macfarlanes) reviews the latest transfer pricing developments, including this month's OECD's public consultation on transfer pricing papers.
Chris Morgan (KPMG) provides a review of recent international tax developments that matter.
The Finance Bill rules on the diverted profits tax (DPT) incorporate changes made in response to the informal consultation on that topic.
Finance Bill 2015 was published on Tuesday 24 March. The Bill contains 127 clauses, 21 Schedules and runs to 340 pages.