Jeanette Zaman and Zoe Andrews (Slaughter and May) review recent tax developments affecting the City.
Year of change
2017 will be another year of change for big business. The anti-hybrids rules commenced on 1 January (with the benefit of lengthy draft guidance which is still the subject of consultation until 10 March). Additional layers of compliance complexity pile on from 1 April when the worldwide debt cap is replaced with the new corporate interest restriction rules (alongside a modified debt cap) and the changes to the carried-forward loss regime (see below) commence. ‘Early in 2017’ we are promised draft legislation for consultation on changes to the taxation of partnerships. Changes to the VAT grouping rules are under consideration with the consultation closing on 27 February. A double Budget year 2017 will see the last Spring Budget on 8 March followed later in the...
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:
Jeanette Zaman and Zoe Andrews (Slaughter and May) review recent tax developments affecting the City.
Year of change
2017 will be another year of change for big business. The anti-hybrids rules commenced on 1 January (with the benefit of lengthy draft guidance which is still the subject of consultation until 10 March). Additional layers of compliance complexity pile on from 1 April when the worldwide debt cap is replaced with the new corporate interest restriction rules (alongside a modified debt cap) and the changes to the carried-forward loss regime (see below) commence. ‘Early in 2017’ we are promised draft legislation for consultation on changes to the taxation of partnerships. Changes to the VAT grouping rules are under consideration with the consultation closing on 27 February. A double Budget year 2017 will see the last Spring Budget on 8 March followed later in the...
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:
