The Corporation Tax (Northern Ireland) Bill had its second reading in the House of Commons on 27 January 2015 and has now been committed to a public bill committee. The Bill will devolve corporation tax powers to the assembly in Northern Ireland (NI).
CFC and dividend group litigation: outstanding issues
Anthony Newgrosh (BKL) answers a query on a tax-efficient debt restructuring for a corporate client that can no longer service its bank borrowings
Richard Milnes (Grant Thornton) reviews the new rules on bank loss relief, which were announced during the Autumn Statement in December
Sara Luder (Slaughter and May) explains why the the EU merger route is a useful addition to an adviser’s toolbox
Ashley Greenbank (Macfarlanes) examines the draft regulations issued following the Autumn Statement announcement to prevent the use of cancellation schemes as a means of reducing stamp duty and SDRT costs on takeovers
The chancellor has said that measures to boost the oil industry will be in the 2015 Budget, which is scheduled to take place on 18 March, following his announcement during last month’s Autumn Statement that he would cut the supplementary charge on profits levied on top of UK corporation tax from
Deductibility of forex losses
Lisa Stevenson (Parisi Tax) answers a query concerning employee ownership trusts, EBTs and succession planning
Legislation will be introduced in Finance Bill 2015 amending ITTOIA 2005 to remove the ‘unfair tax advantage’ provided by B share schemes. Helen Gilbey and Sarah Falk (Freshfields Bruckhaus Deringer) analyse the new rules