Michael Everett International Corporate Tax Director at KPMG in the UK discusses how to navigate the proposed 2008 revisions to the tonnage tax regime
Late News: as we went to press HMRC withdrew the proposals discussed in this article except the flagging points pending a separate EC review.
1 April 2008 begins a six-month window of opportunity to leave the UK's tonnage tax regime. In effect this provides a mechanism for businesses to exit — on relatively favoured terms — if they do not like the changes which are to be introduced with effect from 1 April 2008.
This article examines the aims of tonnage tax what the changes will be why the...
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Michael Everett International Corporate Tax Director at KPMG in the UK discusses how to navigate the proposed 2008 revisions to the tonnage tax regime
Late News: as we went to press HMRC withdrew the proposals discussed in this article except the flagging points pending a separate EC review.
1 April 2008 begins a six-month window of opportunity to leave the UK's tonnage tax regime. In effect this provides a mechanism for businesses to exit — on relatively favoured terms — if they do not like the changes which are to be introduced with effect from 1 April 2008.
This article examines the aims of tonnage tax what the changes will be why the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")