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.
The Loan Relationships and Derivative Contracts (Disregard and Bringing into Account of Profits and Losses) (Amendment) Regulations, SI 2013/2871, come into force on 21 November 2013.
‘Justin King, chief executive of J Sainsbury PLC, has challenged business leaders to “stand up” and reveal their tax practices, arguing that “tax is a moral issue” for British companies,’ reported The Daily Telegraph (4 November 2013).
Amortisation of intangible assets
Teresa Payne and Philip Fisher examine common misconceptions and clarify the income tax and NIC issues around non-executive directors.
Following the meeting of the EU Code of Conduct Group to discuss whether the UK’s patent box regime constitutes ‘harmful tax competition’, Carmen Aquerreta asks if this is the case, and considers what happens next.
Patrick Stevens offers a defence of eurobonds following the series of reports in The Independent
Following the meeting of the EU Code of Conduct Group earlier this month to consider whether the UK’s patent box regime (alongside others) constitutes harmful tax competition, the matter has been referred for discussion by the Council of Finance Ministers (ECOFIN) meeting on 10 December 2013.
The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations, SI 2013/2600, come into force on 4 November 2013.