I met with Tim Voak, Group Tax Director and Emma Reynolds, head of Government Affairs at Tescos yesterday. It’s true that they had not planned
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Tesco’s Stamp Duty Abuse is caught
Tescos was avoiding stamp duty in its Cayman joint ventures. This has been stopped in the budget. The budget notes say: Who is likely to
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So near, but so far from catching private equity
The Budget contains revisions to the rules for employment related securities relating to people who are resident but not ordinarily resident in the UK. These
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This one is going to cause some fun
The Budget notes say (page 246) that: Transfer of Assets Abroad 27. Anti-avoidance legislation designed to prevent individuals from avoiding income tax by transferring assets
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Change in the residence test
The Budget changes the test for resident days in the UK (page 239) You now have to be in the country at midnight. This overcomes
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Tescos are in trouble
Tescos are in trouble. This from the budget notes: Partnership and trust avoidance in the controlled foreign companies (CFC) legislation The Government announced action, effective
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Income shifting
Domicile: the only changes
There are four changes on domicile: 1) The limit on earnings to be ignored is now £2,000 rather than £1,000 2) Income from offshore trusts
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The Budget – live blog
What budget? After 30 minutes I’ve found nothing to comment upon bar: 1) Domicile rule changes are confirmed as published,a nd will not change again
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