‘If all goes to plan, Sir Philip Green will lose millions of pounds on Saturday.
Chris Sanger on the five key tax policy issues
The Treasury launched on 9 December 2010 a consultation on draft legislation for Finance Bill 2011. The following brief outline of the measures is based on the Treasury’s overview and draft explanatory notes.
The Tax Treatment of Financing Costs and Income (Available Amount) Regulations, SI 2010/2929, widen the range of financing costs to be included in the ‘available amount’ by reference to which the debt cap – the ceiling on the total interest and other specified financing expenses which may be dedu
Michael Anderson explains the latest developments and summarises some of the cases in which judgments are awaited VAT focus
Baker Tilly observed that last year Cadbury paid UK corporation tax of around £197 million, and that the company has now announced plans to move its headquarters to Zurich ‘to take advantage of Switzerland’s more competitive tax regime’.
A Protocol bringing the exchange of information article in the UK/Austria double taxation convention 'up to the latest OECD standard’ will have effect for taxable periods beginning on or after 1 January 2011, HMRC announced.
The total recorded yield from HMRC settlements relating to controlled foreign companies legislation in the financial years 2007/08 to 2009/10 is estimated at £719 million, David Gauke said in a Commons written answer.
Peter Cussons on the foreign branch exemption
Chris Morgan reviews the latest developments in tax from around the world