The amount of additional corporation tax HMRC has collected through tax investigations into the largest businesses has fallen to its lowest level since 2006/07, according to figures obtained by law firm Pinsent Masons.
Taxation of dividends: principles of European law
Graham Brough answers a query on tax on reverse earn-outs.
Heather Self looks at the substantial shareholdings exemption in light of Vodafone's sale of its Verizon interests
Pippa Booth and Alycia Spitzmueller explain why, even with the base corporation tax rate decreasing, changes in FA 2013 may increase an entity’s effective rate of tax.
A look at what’s ahead this month, with views from practitioners on what’s in their in-tray: David Harkness on the advent of GAAR health checks; David Whiscombe on a mixed bag for SMEs; Sarah Cormack on the proposed anti-avoidance rules on transfer of assets abroad; and Daniel Lyons highlights proposed changes to the VAT retail export scheme
HMRC has published two sets of statistical data on tax for 2012/13: the first being PAYE income tax and NIC and corporate tax receipts from the banking sector, and the second being corporation tax receipts and liabilities, both viewable on HMRC’s website.
Company purchasing own shares: whether void
The City of London Law Society would like to see the tax charge under the loans to participators rules replaced with a charge arrived at on a similar basis, but levied at the dividend rate.