Your guide to the key measures from the Budget, provided by Lexis®PSL Tax and Lexis®PSL Private Client.
Where loans are written off or provided for in the accounts of the lender, or released and written back in the accounts of the borrower, there can be exceptions to the basic rule on the tax treatment of loan relationships. Paul Howard explains
Standard form facility agreements need not be static documents and, from a borrower’s perspective, should not be. Ceinwen Rees examines how a borrower can improve its tax position under an LMA facility agreement.
David Boneham examines the state of play on the proposals to modernise the taxation of corporate debt and derivative contracts
Helen Lethaby reviews recent developments affecting the City, including draft Finance Bill provisions and recent decisions in Boyle, Eclipse and Versteegh
A tonnage tax case has implications for the loan relationships rules, writes Heather Self
Bill Dodwell examines the key measures for corporates in the Budget that sees the completion of the coalition’s ‘corporate tax road map’.