To consolidate or how to account? That is the question. Stephanie Hurst and Alycia Spitzmueller consider the impact of new standards issued by the IASB.
Helen Lethaby reviews recent developments affecting the City, including profit deferral under AIFMD, compensating adjustments, new DOTAS rules and the Ingenious Media case.
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