Corporate Tax

Quantifying transfer pricing risk is often seen as something of a dark art, and this has played no small part in exclusion of TP exposure from insurance of corporate tax liabilities, a valuable source of business for insurers and brokers alike...

These Regulations amend provisions in Part 23 of the Companies Act 2006 which deal with distributions by investment companies out of revenue profits...

Topics in this issue:

Corporation Tax

HMRC's Report

50p tax rate

Personal allowance increase

"Mansion Tax"

Air Passenger duty

General Anti-Avoidance Rule (GAAR)

Cap on Tax Reliefs

Seed Enterprise Investment Scheme

Venture Capital Scheme

Commenting on today’s Budget, the ABI Director General Otto Thoresen said: "We welcome the Chancellor’s decision to protect savers from further changes to pension tax relief..."

The Government has published legislation to correct some of the anomalies in the treatment of distributions in specie which arose following the changes to the distribution rules in 2009...

The UK’s corporate tax competitiveness appears to have finally turned a corner, according to research commissioned by KPMG in the UK...

The UK insurance industry is the third largest in the world and the largest in Europe. It is a vital part of the UK economy, managing investments amounting to 26% of the UK’s total net worth and contributing £10.4 billion in taxes to the Government. Employing around 290,000 people in the UK alone, the insurance industry is also one of this country’s major exporters, with 28% of its net premium income coming from overseas business...

Ideally situated at the crossroads between Belgium, France and Germany, Luxembourg is a small but highly stable country boasting one of the highest GDP per capita in the world. The Luxembourg financial centre originally developed as a private banking centre and has grown to become a truly diversified hub for investment funds, insurance and reinsurance companies, holding companies and family offices. Luxembourg levies an annual corporate income tax on the net worldwide profits of Luxembourg companies...

This consultation includes detailed proposals for how the new Controlled Foreign Companies regime will operate, including a Tax Impact Assessment...

This is the response of the Association of Financial Mutuals to the HMRC Consultation Document - Life Insurance Companies: A New Corporation Tax Regime dated 5 April 2011...

The Government wants to end the current mismatch between tax relief claimed by employers and contributions received by pension schemes...

This note describes in outline the laws and taxes which will apply to a foreign corporation establishing a business operation in the United Kingdom and the administrative requirements which need to be observed once the business is established...

This note describes in outline the laws and taxes which will apply to a foreign corporation establishing a business operation in the United Kingdom and the administrative requirements which need to be observed once the business is established...

UK corporate tax reform and the implications for international business, the Bribery Act 2010 and the UK as a better place to do business are investigated in the spring 2011 edition of International Business...

The April 2011 edition of Private Business kicks off with an overview of the recent Budget and the coalition Government’s Plan for Growth...

On 4 April 2011, the Exchequer Secretary to the Treasury announced a change to the Finance Bill 2011 provisions which amend the rules which impose degrouping charges for the purpose of corporation tax on chargeable gains...

The Common Consolidated Corporate Tax Base aims to tackle some major fiscal impediments to growth in the Single Market. In the absence of common corporate tax rules, the interaction of national tax systems often leads to over-taxation and double taxation, businesses are facing heavy administrative burdens and high tax compliance costs...

Responding to Budget, Maggie Craig, Acting Director General of the ABI...

The Government’s economic policy objective is to achieve strong, sustainable and balanced growth that is more evenly shared across the country and between industries. The Plan for Growth contains four overarching ambitions that will ensure the progress is made towards achieving this economic objective...

This is a preliminary report. It is the first time the Treasury Committee has examined the overall structure of the tax system...

Speech made by the Financial Services Secretary - Mark Hoban MP...

In this period of uncertainty, appointing a chief restructuring officer, the Bribery Act 2010 and pension developments all should be on the agenda for companies with subsidiaries in the UK.

Analysis European cross-border mergers - Tax Journal has been published by Herbert Smith...