RSS logo
Home > News > Latest news > Tax

Events

Latest news


Press releases

Our publications

 

Tax

You will find here all the latest tax news

Sweeping CFC Reforms will affect International Groups

UK companies with overseas subsidiaries or associates need to understand how significant changes to the UK’s controlled foreign companies (‘CFC’) rules will affect them so that their tax position is optimised. The changes are expected to come into effect later this year.

19 January 2012

Remuneration Planning Fails at Court of Appeal

A scheme aimed at rewarding employees through special dividends rather than bonuses has failed at the Court of Appeal, with the result that the ‘dividends’ are subject to both PAYE and NIC. The decision could have implications for other employers where dividends have been used as a substitute for remuneration.

22 December 2011

Company Dissolutions and ESC C16

Significant changes affecting company dissolutions are expected to come into effect from 1 March 2012. Many individual shareholders will pay less tax if the company is dissolved under the current concessionary treatment in ESC C16.

22 December 2011

Non-domicile taxation and statutory residence test

Recently the UK Treasury published its core reforms to non-domicile taxation, incorporating the introduction of a higher level of remittance basis charge, a new relief to encourage business investment in the UK and some simplifications to the existing rules. These will be detailed in the Finance Bill 2012 as announced in Budget 2011.

16 December 2011

Monthly Tax Idea – December 2011

Tax exemption for groups selling a property.

14 December 2011

Refurbishing property investment funds

The two special tax regimes to promote commercial and residential property portfolio investment funds in the UK are being further amended to make them more competitive.

09 December 2011

Companies in line for 10% tax on patents profits

...if they can handle the tax complexity. Draft legislation to implement the proposed “patent box” has been published. From April 2013 companies with exclusive rights to patents will pay tax at an effective rate of 10% on some of their profits.

07 December 2011

Taxation of UK based multinationals – Controlled Foreign Companies

The much awaited reforms of the Controlled Foreign Companies rules have been published, aimed at making the UK an attractive place for multinationals to set up parent companies or intermediate holding companies. The key challenge for the Government has been to modernise the CFC rules and target them better: the rules are indeed a complete overhaul.

07 December 2011

Tax changes to encourage business?

The government is looking to businesses to spearhead the recovery from recession. Details are announced in the Finance Bill today of tax changes aimed at businesses of all sizes. Some provide tax incentives to invest in companies, others to attract mobile international businesses to locate in the UK (and indeed for UK multinationals to retain their headquarters here).

06 December 2011

Research & Development Gets a Boost

Both the SME and large company R&D schemes get a boost in the Finance Bill.

06 December 2011

Contact us