Anthony Davis Cadwalader Wickersham & Taft LLP discusses the EC Council Regulation on Insolvency Proceedings which took effect on 31 May 20021
EC Council Regulation No 1346/2000 on Insolvency Proceedings (ERIP) took effect on 31 May 2002. It introduced new rules as to the jurisdiction within the EU in which insolvency proceedings can be opened and as to the procedures to be applied with a view to harmonising the treatment of insolvents and their creditors throughout the Union. In certain respects UK tax law is not consistent with ERIP. This article sets out some of them.
Main provisions of ERIP affecting tax liabilities
The relevant provisions of ERIP are:
...
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Anthony Davis Cadwalader Wickersham & Taft LLP discusses the EC Council Regulation on Insolvency Proceedings which took effect on 31 May 20021
EC Council Regulation No 1346/2000 on Insolvency Proceedings (ERIP) took effect on 31 May 2002. It introduced new rules as to the jurisdiction within the EU in which insolvency proceedings can be opened and as to the procedures to be applied with a view to harmonising the treatment of insolvents and their creditors throughout the Union. In certain respects UK tax law is not consistent with ERIP. This article sets out some of them.
Main provisions of ERIP affecting tax liabilities
The relevant provisions of ERIP are:
...
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:
