Tax First February 2010 |
Print this page
Email to a colleague
|
Adobe PDF Format
February 2010
In this issue we detail HM Revenue & Customs’ (HMRC) clarification on the scope of the Chancellor’s bank payroll tax and explain which financial services institutions will be affected. We also look at HMRC’s approach to dividends received by UK companies and confirm that the Court of Appeal's Vodafone 2 judgment is now final.
We outline the debt cap rules around UK deductions for intra-group interest expense, and also examine debt cap rule changes published for consultation with the 2009 Pre-Budget Report.
PricewaterhouseCoopers’ Executive Compensation - Review of the Year 2009, shows that FTSE executives’ pay increases have been outstripped by UK average pay increases for the first time in a decade. You can read the full report via the supplied link in the HR section.
We look at HMRC’s current guidance on 'Fleming' claims and also highlight how the European Commission (EC) has challenged eight member states, including the UK, with regard to the application of VAT grouping.
Lastly, we examine the opportunities for R&D tax incentives – HMRC has recently changed its practice on which activities are eligible, so now could be the time to make a claim.
© 2010 PricewaterhouseCoopers. All rights reserved. "PricewaterhouseCoopers" and "PwC" refer to the network of member firms of PricewaterhouseCoopers International Limited (PwCIL). Each member firm is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgment or bind them in any way. No member firm is responsible or liable for the acts or omissions of any other member firm nor can it control the exercise of another member firm's professional judgment or bind another member firm or PwCIL in any way.
Tax First February 2010
Bookmark with: