Jackie Wheaton (Moore Stephens) answers a query on the tax consequences of the liquidation of an LLP.
Allan Cinnamon provides an update on tax treaty developments
HMRC’s chief executive, Lin Homer, announced last week in a Treasury Select Committee hearing that the French authorities have formally agreed that HMRC can share stolen HSBC Suisse customer account data with other law enforcement agencies and regulators, for the purposes of pursuing criminal off
The Office of Tax Simplification (OTS) has published its report into simplifying how to determine whether a worker is employed or self-employed for tax purposes.
The Finance Act 2014, Schedule 9 (Employment-related Securities etc.) (Consequential etc.
Anti-avoidance legislation having immediate effect from 26 February 2015 will restrict to nil the expenditure qualifying for plant and machinery allowances in a sale and leaseback or connected-party transaction, where the person disposing of the asset, or a person connected with them, acquired it
Failed scheme and negligence
According to Deloitte, it will be mandatory for company accounts that are submitted to HMRC as part of a corporation tax return to be tagged using a new XBRL taxonomy from 1 April 2015.
The European Commission has laid out the foundation for what it sees as a fairer and more transparent approach to taxation in EU. The Commission stated that companies should be taxed where their profit-generating activities are performed, with aggressive tax planning prevented.
Amendments to the consortium relief link company concept in the draft Finance Bill 2015 conclude a protracted period of change for this concept, driven by EU law. Ben Jones and Sarah Illidge (Eversheds) report.