Application for transfers of assets into settlements to be set aside
Trustees’ exercise of power of advancement: whether invalid
“More than 100 of Britain's richest people have been caught hiding billions of pounds in secretive offshore havens, sparking an unprecedented global tax evasion investigation.
Ashley Greenbank and Nigel Doran consider the lessons for the tax litigation process that can be learned from the decided cases.
Simon Airey examines how the various new disclosure facilities compare with the LDF.
HMRC published draft regulations last week to provide a further exception to the income distribution requirement for investment trust companies at regulations 19 and 21 of the Investment Trust (Approved Company) (Tax) Regulations (SI 2011/2999).
HMRC has published draft regulations to address technical issues in the operation of The Offshore Funds (Tax) Regulations 2009. “As industry is keen to have the proposed changes introduced as soon as possible, this consultation is for four weeks,” HMRC said.
Bill Cohen reviews changes to the ‘rights for shares’ rules.
David Barton sets out the key issues for advisers to consider this month.
The rules have tightened with effect from 20 March. Paula Tallon and Paul Howard explain why the new provisions may force companies to consider the true nature of transactions with their shareholders.