Australia, like the UK, has announced new measures countering the diversion of profits by multinationals, writes Heather Self (Pinsent Masons). The measures increase the pressure on the US to engage with the OECD’s BEPS project.
HMRC is right to assert that the ‘no possibilities’ test should be applied immediately after the base loss period for losses from 1 April 2006, but wrong to apply it to periods before that date, writes Peter Cussons (PwC).
Was an amendment to a repayment claim a new claim?
The Bribery Act has laid the foundation for a new criminal offence, which will require corporates to conduct ever greater levels of due diligence, says Jason Collins (Pinsent Masons)
Peter Jackson (Taylor Wessing) answers a query on the refinancing of a corporate group owning UK property assets.
HMRC is increasingly charging penalties to companies and senior accounting officers in respect of failures under SAO legislation. Lucy Sauvage and Ed Dwan (BDO) urge businesses to consider the impact on their reputation and their relationship with HMRC
The Coalition Agreement promised that the coalition government ‘will make every effort to tackle tax avoidance’. Graham Aaronson and Steve Bousher (Joseph Hage Aaronson) give an end of term report on the coalition’s record in dealing with tax avoidance
Helen Gilbey and Sarah Falk (Freshfields Bruckhaus Deringer) report
Sandy Bhogal (Mayer Brown) highlights key features and potential issues
Chris Morgan (KPMG) comments on the new corporate tax year which commences on 1 April.