Colin Clavey and Siân Morgan Ernst & Young's Tax Effective Supply Chain Management and Transfer Pricing group discuss the draft legislation setting out a revised basis of charge for corporation tax for non-resident companies
On 25 July 2002 the UK Government issued draft legislation setting out a revised basis of charge for corporation tax for non-resident companies. The new legislation is due to be introduced in the 2003 Finance Bill and should apply for accounting periods starting on or after 1 January 2003.
This article summarises the current and proposed legislation and provides an analysis of some of the key issues. We have had the opportunity to discuss the new rules with the Inland Revenue and have considered its views below.
The taxation of a...
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Colin Clavey and Siân Morgan Ernst & Young's Tax Effective Supply Chain Management and Transfer Pricing group discuss the draft legislation setting out a revised basis of charge for corporation tax for non-resident companies
On 25 July 2002 the UK Government issued draft legislation setting out a revised basis of charge for corporation tax for non-resident companies. The new legislation is due to be introduced in the 2003 Finance Bill and should apply for accounting periods starting on or after 1 January 2003.
This article summarises the current and proposed legislation and provides an analysis of some of the key issues. We have had the opportunity to discuss the new rules with the Inland Revenue and have considered its views below.
The taxation of a...
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:
