Tax First December 2009
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December 2009
In this issue we provide a full summary of the Chancellor's Pre-Budget Report (PBR), alongside our usual round up of tax news and issues. For our views of what was published in the PBR, you can visit www.pwcbudget.co.uk.
We look at the proposed Financial Services Bill introduced in November's Queen's Speech, and examine HM Revenue & Customs' (HMRC) amendments to the debt cap rules and proposed changes to the law on taxing debt buybacks.
1 January 2010 sees the start of the VAT Package, a series of measures that will significantly affect the taxation of cross-border services in the European Union, and we give you a timely reminder of the urgent need to take action if your businesses will be affected.
The legal section asks whether legal professional privilege applies to tax advice from accountants, and to round up this last issue of 2009 we look back at three of PwC's recent webcasts on the topics of Corporation Tax Act 2009, refunds of withholding tax and offshore funds.
Mention should also be made of our new Paying Taxes 2010 report, a unique study between PwC and World Bank Group.
