Tax analysis: How does the introduction of measures to prevent taxpayers gaining tax advantages from special purpose B share schemes fit in with the wider efforts to tackle avoidance? Sara Stewart, senior associate at Herbert Smith Freehills, assesses the plans.
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R&D capital allowancesFORTHCOMING CHANGE: At Spring Budget 2021, the government announced a wide-ranging review of research and development (R&D) reliefs, beginning with a consultation exploring the nature of current private sector R&D investment and the impact of existing R&D relief
Is there any guidance as to the appropriateness of defining ‘Control’ as either (a) in accordance with section 1124 of the Corporation Tax Act 2010, or as (b) the beneficial ownership of more than 50% of the issued share capital of a company or the legal power to direct or cause the direction of the
Capital gains—intra-group asset transfersSTOP PRESS—Impact of the Retained EU Law (Revocation and Reform) Act 2023: This document contains references to retained EU law (REUL) and associated terms introduced by the European Union (Withdrawal) Act 2018 in connection with Brexit. From 1 January 2024,
Capital allowances—interaction with CGT, VAT and stamp taxesThis Practice Note sets out how the capital allowances rules interact with the rules relating to:•capital gains tax, including corporation tax on chargeable gains (CGT)•value added tax (VAT), and•stamp taxes, namely:◦stamp duty land tax
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