After a quiet few months in the UK things are starting to hot up again and it looks as if we will have plenty to keep ourselves occupied with over the remainder of the summer.
The emergency Budget had plenty of interest from an international tax perspective and as I write we are expecting the proposals on reforming the CFC rules and the taxation of foreign branches to be published imminently. The CFC changes will be coming in two parts. First are interim measures to improve certain aspects of the current system due to be legislated for next year.
Consultation on the wider reform of the whole set of rules is expected to kick off this autumn with legislation to be brought in in 2012.
All the signs are that the new Government intends to consult...
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After a quiet few months in the UK things are starting to hot up again and it looks as if we will have plenty to keep ourselves occupied with over the remainder of the summer.
The emergency Budget had plenty of interest from an international tax perspective and as I write we are expecting the proposals on reforming the CFC rules and the taxation of foreign branches to be published imminently. The CFC changes will be coming in two parts. First are interim measures to improve certain aspects of the current system due to be legislated for next year.
Consultation on the wider reform of the whole set of rules is expected to kick off this autumn with legislation to be brought in in 2012.
All the signs are that the new Government intends to consult...
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:
