Bank levy rates for the current year have been increased. HMRC seem to have taken on board some of the concerns raised in relation to the proposed new rules on disguised remuneration. Some avoidance cases are finally making it to the Supreme Court (DCC Holdings; Tower MCashback). Regulations fix tax problems caused for securitisation companies by a change in regulatory law. The worldwide debt cap rules have been amended to ensure that they work more fairly. The taxpayer win in RBS Deutschland has significance for cross-border VAT arbitrage.
Helen Lethaby reviews the latest developments in tax affecting financial services
Bank levy rates for the current year have been increased. HMRC seem to have taken on board some of the concerns raised in relation to the proposed new rules on disguised remuneration. Some avoidance cases are finally making it to the Supreme Court (DCC Holdings; Tower MCashback). Regulations fix tax problems caused for securitisation companies by a change in regulatory law. The worldwide debt cap rules have been amended to ensure that they work more fairly. The taxpayer win in RBS Deutschland has significance for cross-border VAT arbitrage.
Helen Lethaby reviews the latest developments in tax affecting financial services