The Tax Journal brings you an excerpt from the corporate tax section of Ernst & Young's Budget Alert. Their comments are in italics
Tax Avoidance Disclosure Requirements
Disclosure rules are to be introduced which will require advisers and taxpayers to notify the Inland Revenue of certain transactions and arrangements
The rules will require notification to the Revenue of schemes and arrangements where a main benefit is obtaining a tax advantage and where further conditions are met. No detail has been provided yet of what the further conditions are or from when the new rules will apply. It has however been stated that the legislation will be designed to tackle financial and employment-based products. The main...
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The Tax Journal brings you an excerpt from the corporate tax section of Ernst & Young's Budget Alert. Their comments are in italics
Tax Avoidance Disclosure Requirements
Disclosure rules are to be introduced which will require advisers and taxpayers to notify the Inland Revenue of certain transactions and arrangements
The rules will require notification to the Revenue of schemes and arrangements where a main benefit is obtaining a tax advantage and where further conditions are met. No detail has been provided yet of what the further conditions are or from when the new rules will apply. It has however been stated that the legislation will be designed to tackle financial and employment-based products. The main...
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:
