Tax First February: News, events and change in tax
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Our Tax First newsletter provides tax professionals with a round-up of the past month's major financial news and a calendar of useful diary dates.
After the activity following the Spending Review and the release of the draft Finance Bill 2011 clauses in late 2010, the new year has been relatively quiet by comparison. The Budget will soon be upon us, though, and we’ll be giving you a full update of the Chancellor’s announcements in our April issue.
We start this February edition with a look with the Government’s announcement that a committee has been set up to look into a general anti-avoidance rule. We also update you on a recent correction to the definition of equity holders, ensuring bank loans represent a risk in breaking groups only for group relief purposes and not the capital gains or intangibles regimes.
The European Commission has invited comments from businesses following the publication of its green paper, On the future of VAT - Towards a simpler, more robust and efficient VAT system. We highlight our recent webcast, which focused on the green paper. There’s also a potential opportunity for those of you who produce product samples.
To round things up, we look at HM Revenue & Customs’ (HMRC) Litigation and Settlement Strategy and also highlight our recent webcast on disguised remuneration - you can view the webcast here
