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Pre-Budget Report 2009: international tax mattersIn this month’s corporate tax article, we have considered some of the proposed international tax measures introduced inthe Pre-Budget Report (PBR 2009). The headline-grabbing measures of the PBR 2009, such as the bank bonus tax ... Read more |
HMRC sharpens its tools to combat avoidanceA consultation document, ‘Disclosure of Tax Avoidance Schemes’ (the consultation document), has beenpublished in respect of proposed changes to the disclosure of tax avoidance schemes (DOTAS) regime, which are largely aimed at improving compliance and ... Read more |
First-tier tribunal applies Redrow to accountancy servicesIn Airtours Holiday Transport Ltd v HM Revenue & Customs (HMRC) [2009], the tax chamber of the first-tier tribunal decided that Airtours Holiday Transport Ltd (Airtours) was entitled to a credit for input VAT on ... Read more |
Immediate tax clampdown on debt buy-backsThe Government announced on 14 October 2009 in a written ministerial statement that changes will be made in next year’s Finance Bill, with retrospective effect to 14 October 2009, to amend the UK tax rules ... Read more |
Yet another change of heartAlthough it may go unnoticed by the world at large, HM Revenue & Customs (HMRC) recently issued a further release on the subject of the correct tax treatment of unapproved options. While this may appear ... Read more |
Laerstate: the dangers of the UK corporate residence testOffshore corporate structures have been, and will remain, an important tool in corporate tax planning. However, there has been a renewed interest in the taxation of offshore corporates, highlighted by the recent emigration of certain ... Read more |
Calling all senior accounting officers: are you ready for your additional roles and responsibilitieThe budget 2009 introduced several unexpected reforms to the current tax regime with arguably the greatest surprise to businesses and advisers being the introduction of legislation relating to senior accounting officers (SAO). Specifically, Schedule 46 ... Read more |
Simplifying capital gains taxationIn the 2007 Pre-Budget Report the government indicated that it was committed to simplifying tax legislation, particularly in the areas of VAT, anti-avoidance and corporation tax for related companies. The government has now published a ... Read more |
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