The US coffee chain Starbucks has announced that the company is to relocate its European headquarters – currently located in Amsterdam, The Netherlands – to London by the end of 2014, following pressure from politicians and tax campaigners over its corporation tax row.
HMRC held a patent box stakeholder engagement meeting on 10 April 2014, in light of the continuing review of the EU’s preferential intellectual property (IP) regimes by the EU Code of Conduct Group.
According to The Guardian (18 April 2014), Treasury minister David Gauke is overseeing controversial plans to allow HMRC to sell taxpayers’ details to private companies, a move that has been criticised as ‘borderline insane’ by senior Conservative MP David Davis.
Limitation to loss relief in relation to partnership share
Helen Lethaby reviews recent developments affecting the City, including the consultation on bank levy banding and the surprise Budget announcement on profit transfer anti-avoidance
Fabrizio Lolliri answers a query on the transfer of a US luxury retailer’s intellectual property to a new UK office
Rupert Shiers considers the recent decision in Felixstowe Dock and Railway Company concerning consortium relief
HMRC needs to do more to demonstrate that the revenue protection it claims for the IR35 legislation outweighs the costs it imposes, says the House of Lords Select Committee on Personal Service Companies in a recently published report
Draft legislation has been published which is intended to ensure that more of the profits made by offshore contractors in the UK are subject to UK tax.