Thomas Dalby (Gabelle) answers a query on a UK tech company that is being purchased by a US company which has offered to settle its unexercised EMI options in cash.
The European Commission has concluded that selective tax advantages granted by Belgium under its ‘excess profit’ tax scheme are illegal under EU state aid rules.
Finance (No.2) Act 2015 introduced a surcharge of 8% on the taxable profits of banking companies arising on or after 1 January 2016.
The Dutch ministry of finance has issued a statement confirming that the Netherlands will be appealing the European Commission’s ruling in October that the country provided state aid to Starbucks Manufacturing EMEA BV.
HMRC has revised its interpretation of the residence articles in 16 double taxation agreements, taking the view that a tie-breaker clause should be used to decide a company’s residence. Previously, HMRC regarded dual-resident companies as outside the scope of the treaties.
TAXE Committee gives multinationals ‘one more chance’ to turn up, reports Tim Law (Engaged Consulting)
OECD recommendations hailed as ‘important milestone’, and the challenge now is to ensure measures are implemented consistently and coherently.
Mark Middleditch (Allen & Overy) reviews the latest tax developments that matter affecting the City.
HMRC is consulting until 7 September 2015 on the detail of its proposal to extend the averaging period for farmers’ profits from 2 years to 5 years with effect from April 2016. This follows the government announcing an extension of the averaging period for farmers at Budget 2015.