Paul Harris Senior Tax Manager Ernst & Young looks at how an EU recommendation may effectively allow SMEs to set losses in one Member State against profits in another EU country
The EU has recommended that most companies operating in more than one Member State should be allowed to prepare only one consolidated corporation tax computation for their activities within the EU using the tax rules in their home country. This would also effectively allow losses in one Member State to be set against profits in another EU country. This article considers how this could assist UK companies. It is based on the information available from the EU and as the detailed rules are not yet available the article reflects on possible ways in which the consolidated tax...
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Paul Harris Senior Tax Manager Ernst & Young looks at how an EU recommendation may effectively allow SMEs to set losses in one Member State against profits in another EU country
The EU has recommended that most companies operating in more than one Member State should be allowed to prepare only one consolidated corporation tax computation for their activities within the EU using the tax rules in their home country. This would also effectively allow losses in one Member State to be set against profits in another EU country. This article considers how this could assist UK companies. It is based on the information available from the EU and as the detailed rules are not yet available the article reflects on possible ways in which the consolidated tax...
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If you do not subscribe but are a registered user, please enter your details in the following boxes: