Natasha Kaye has good news and bad news
HMRC has published Revenue & Customs Brief 34/13 to remind financial institutions that pay interest to their customers to: report this information on a template provided by HMRC; and correctly code these reports according to where the recipient lives—for customers that live in the UK
Loan relationships: appropriate accounting treatment and unallowable purpose
William Watson welcomes HMRC’s latest attempt to resolve the tax issues arising where debt is subject to non-standard terms as to the payment of the principal and/or interest, but says there is further work to do.
Eloise Walker and Natalie Stoter consider some practical problems in M&A tax deeds in light of recent litigation.
Kate Alexander compares the intellectual property regimes in other EU member states to that of the UK’s, and analyses the potential challenges to the UK patent box regime and their impact.
Nigel Doran examines the unorthodox contract settlement in the Ardagh case, and the lessons for advisers.
Chris Sanger reports from last week’s IFS/CIOT lecture on the corporate tax system
Prime minister David Cameron has confirmed that a register of beneficial owners of all UK companies is to be made publicly available as part of the government’s pledge to tackle tax avoidance and evasion, as was first announced at the June 1013 G8 Summit.
Research published by the Cornwall Chamber of Commerce suggests there is support amongst British business for a move to an international unitary taxation system.