CFC

The government has updated the proposed gateway test for Controlled Foreign Companies (CFCs), with revised draft legislation following a “blindingly short” consultation.

UK Resident/OR/Dom client is a director/majority shareholder in a foreign company which might be caught by CFC legislation, but is under the de-minimus.

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Following through on its commitment to streamline the Controlled Foreign Companies (CFC) regime to make

Anne Fairpo summarises the final Budget 2011 adjustments to foreign company taxation rules.

Various aspects of the rules concerning taxation of international profits are out for consultation. Anne Fairpo presents an overview.

The telecoms operator has ended a ten year dispute with HMRC by agreeing to pay back £1.25bn over five years.

 I have been asked the following by a client. I don't see any reason why it shouldn't work, but on the other hand, maybe I'm missed something obvious.

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Some of the UK's biggest businesses are pursuing claims against HMRC worth millions of pounds following last week's tax victory by Cadbury Schweppes.