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Assimilating accounting practice into the tax code is gathering pace. Lakshmi Narain, Tax Director, National Tax, Baker Tilly, writing as Chairman of the CIOT's London Board Bloomsbury Street Tax Discussion Group, comments on the issues

Kim Harmer, education officer for the CIOT's London Branch and a senior manager in KPMG's insurance tax practice, revisits the Inland Revenue's consultation paper on the taxation of pensions

Colin Clavey and Siân Morgan, Ernst & Young's Tax Effective Supply Chain Management and Transfer Pricing group, discuss the draft legislation setting out a revised basis of charge for corporation tax for non-resident companies

Claire Treacy, Senior Manager, and Shakila Kauser, Assistant Manager, from KPMG's Real Estate Tax Group, identify the vehicles currently available to facilitate investment in UK real estate

Peter Stokes, insurance tax partner, Ernst & Young, explains and comments on the proposed changes to life insurance taxation that were announced recently

Nigel Doran, tax partner at Macfarlanes, discusses the final implications of Mansworth v Jelley for UK resident employees as well as inbound expatriates

Daron Gunson, FCA, FTII, of the Parmentier Arthur Group meets Afshin Taraz, FCA, of Thompson Taraz, Chartered Accountants and Property Business Advisors

Card image Jonathan Fletcher Rogers Jeremy Edwards Paul McCarthy

In this article, Paul McCarthy, partner, Jeremy Edwards and Jonathan Fletcher Rogers, members of Allen & Overy's Incentive Group, consider the new legislation restricting corporation tax deductions to employee benefit trusts. They also look at the reasons why the legislation may have been introduced and the likely impact that the new legislation will have on the use of employee benefit trusts

Nigel Doran, tax partner at Macfarlanes, points out that the recent substantial shareholding legislation needs clarifying

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