HMRC Wants to Spot-Check Business Revenue has launched consultation to review its powers, concern at inconsistency of powers inherited from legacy organisations, wants greater provision for surprise calls on business 18.05.07 Financial Times, UK Tax
UK May Scrap Foreign Dividend Tax Tax on dividends paid by foreign subsidiaries may be scrapped, evidence it is putting multinationals off coming to UK, Ireland, Holland and Luxembourg are becoming favoured EU domiciles 08.01.07 Times, Capital Markets, UK Tax
Cost to Get It REIT British Land, Land Securities are to pay Treasury 2% of their capital value as cost of converting to real estate investment trusts (REITs), will make them exempt from capital gains tax and corporation tax 03.01.07 Guardian, Capital Gains Tax, Commercial Property, REIT, UK Tax
Tax Will Tear Us Apart Some 20% of UK top 350 businesses are considering moving domicile abroad to avoid rising UK company taxes, 70% of companies think UK commercial environment has deteriorated as in past five years 27.11.06 Telegraph, UK Tax
EU Dividend Withholding Tax ECJ has given its decision in Denkavit (C170/05), case concerned French law, which levied a withholding tax on dividends paid by a French company to its Dutch parent but not on dividends paid to a French parent, was in breach of EU law 17.12.06 Law Now, EU Tax, UK Tax
Simpler System for Company Tax HMRC publication, 'Delivering a new relationship with business', details a package of reforms designed to allow businesses to settle their tax affairs sooner, reduce burden of forms and inspections and to develop a single customer record 30.11.06 HM Revenue & Customs, Business Regulation, UK Tax
Varney Report Promises Simpler Tax Rules Chancellor said today he will implement in full recommendations of the Review of Links with Large Business, led by Sir David Varney, recommends HMRC provides big businesses with increased and quicker assurance on the tax treatment of their activities, risk-based audit approach 17.11.06 HMRC Press Release, Business Regulation, UK Tax
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Depreciation on Unsold Stock In Revenue v William Grant, Lords have ruled that stock can be treated as cost in profit and loss account, and asset in balance sheet, profits should be calculated on current best practice, not on fundamental principles 03.04.07 Times, UK Tax
ECJ Rules on Tax on Dividends European court has ruled for BAT and other multinationals on treatment of Advanced Corporation Tax (ACT) - abolished by Brown in 1997 - in respect of dividends paid across EU state borders 13.12.06 Financial Times, EU Tax, UK Tax
