Orbitax Tax News & Alerts
United Kingdom's Tax news & updates from Orbitax and partners
United Kingdom Tax News
Settlement opportunity for participant in tax avoidance schemes
Protocol to treaty between Singapore and United Kingdom enters into force
Treaty between Liechtenstein and United Kingdom enters into force
Withholding tax agreement between Switzerland and United Kingdom enters into force
Finance Bill 2013 – Targeted anti-avoidance rules: trade and property deductions
Autumn Statement – main points
Interaction of CFC rules with worldwide debt cap rules – regulations published
Controlled foreign companies – excluded banking business profits: regulations published
Treaty between Korea (Rep.) and Belgium – Korean decision on application of Korean domestic anti-abuse provisions to tax treaties
Supreme Court: Business merger facility not applicable to contribution to subsidiary followed by subsequent contribution to grant daughter company of all assets except a business building
Treaty between India and United Kingdom – Indian decision that all transactions that lead to tax savings cannot be regarded as a colourable transaction
Interaction between CFC rules and worldwide debt cap rules – draft regulations published
Protocol to treaty between India and United Kingdom signed
Additional draft guidance published on controlled foreign companies and permanent establishments
CFC rules: excluded banking business profits – draft regulations published
Treaty between India and United Kingdom – Indian decision that slot hire agreements fall within the ambit of operation of ships for treaty purposes
FCE Bank case – Court of Appeal holds UK's former group relief rules in breach of treaty non-discrimination article
UK-US FATCA agreement signed
Patent Box – guidance published
1980 treaty between UK and Netherlands – Supreme Court decides that pro-rata attribution of business profit exemption is not incompatible with EU freedom of establishment
Netherlands Supreme Court decides that Dutch thin capitalization provisions in the case of financing companies are not incompatible with ICCPR and ECHR
Finance Bill 2012 receives Royal Assent
Treaty between Liechtenstein and United Kingdom signed
US Court of Appeals allows FTC for UK windfall tax
Supreme Court decides interest paid on debt-claim towards low-taxed group company resulting from transfer of immovable property not deductible
Amending exchange of letters to treaty between Switzerland and United Kingdom signed
Court of First Instance Leuven decides that fine imposed by European Commission due to violation of EC competition law is not deductible
Unauthorised unit trusts – consultation launched
Second protocol to treaty between Singapore and United Kingdom – details
Scotland Act 2016 – clarifying scope of Scottish income tax rate
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