What is the impact of HMRC’s revised guidance? Ed Dwan and Lucy Sauvage examine the current position
HMRC has published new draft guidance on situations where it will not usually review a company's residence status
The Treasury published minutes of the 30 July meeting of the ‘CFC interim improvements’ working group, slides outlining the aim and scope of the interim improvements, and details of the group’s approved terms of reference.
The Treasury published minutes of the 3 August meeting of the ‘Taxation of foreign branches’ working group, and the group’s approved terms of reference. This consultation is set to close on 15 October.
See www.lexisurl.com/g82hx.
Peter Cussons reviews the current situation for taxation of controlled foreign companies and foreign branches
Christian Aid is seeking to persuade four ‘household name’ companies to back accounting reforms to ‘help poor countries collect more of the tax billions which are rightfully theirs’.
‘Tax regime drives 20% of big businesses to consider leaving UK’ declared a Daily Telegraph headline on 25 August. But the research, conducted by TNS-BMRB for HMRC last year, found that just over 10% of the 1,088 respondents had considered such a move.
Issue 19 of HMRC’s Agent Update includes items on:
Chris Morgan rounds up the latest developments in the international tax world
Transfer pricing enables some companies with overseas ownership to gain an unfair advantage, some participants in a recent survey of larger businesses observed.