The total value of corporation tax payments in arrears has hit £1.59bn this year, up from £1.52bn at the same point a year ago, despite an improving economic climate, said finance provider LDF.
HMRC has revised its interpretation of the residence articles in 16 double taxation agreements, taking the view that a tie-breaker clause should be used to decide a company’s residence. Previously, HMRC regarded dual-resident companies as outside the scope of the treaties.
The Cultural Test (Television Programmes) (Amendment) (No.
Taxation at source and the right to deduct
Financial Secretary to the Treasury, David Gauke, answers questions from Tax Journal on tax competitiveness and tackling avoidance.
TAXE Committee gives multinationals ‘one more chance’ to turn up, reports Tim Law (Engaged Consulting)
OECD recommendations hailed as ‘important milestone’, and the challenge now is to ensure measures are implemented consistently and coherently.
Mark Middleditch (Allen & Overy) reviews the latest tax developments that matter affecting the City.
The value of the retail price index, used for calculating corporation tax indexation allowance, for June 2015 is 258.9. See www.bit.ly/1J1S5Jn.
The Cultural Test (Television Programmes) (Amendment) Regulations, SI 2015/1449, make changes to the cultural test for drama and documentary programmes with effect from 23 July 2015, bringing this into line with the cultural test for film which was introduced in 2007.