Louise Higginbottom Tax Partner at Norton Rose LLP brings us information on the recently released leasing rules
The leasing industry has learned to expect the real news for their sector not on the day of the Pre-Budget Report (PBR) but a week or so earlier when HMRC announces changes to be made to counter disclosed schemes. This PBR is no exception; the announcement of its date was swiftly followed by the publication on 13 November of three Technical Notes focusing on long funding leasing the sale of leasing companies and film leasing rules. Whilst the details of the changes will be of most interest to the specialist they do illustrate some broader issues namely the need for HMRC to ensure that legislation works as an integrated package and that...
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Louise Higginbottom Tax Partner at Norton Rose LLP brings us information on the recently released leasing rules
The leasing industry has learned to expect the real news for their sector not on the day of the Pre-Budget Report (PBR) but a week or so earlier when HMRC announces changes to be made to counter disclosed schemes. This PBR is no exception; the announcement of its date was swiftly followed by the publication on 13 November of three Technical Notes focusing on long funding leasing the sale of leasing companies and film leasing rules. Whilst the details of the changes will be of most interest to the specialist they do illustrate some broader issues namely the need for HMRC to ensure that legislation works as an integrated package and that...
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:
