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Finance Bill; EBTs; peer-to-peer loans; DOTAS; double taxation
Finance Bill
The summer Finance Bill 2015 was published on 15 July. See www.lexisurl.com/sfb2015.
EBTs
Companies that registered their intention to use the employee benefit trust (EBT) settlement opportunity must agree a formal settlement with HMRC by 31 July 2015.
Peer-to-peer loans
HMRC propose amending the rules on the deduction of tax from interest paid on peer-to-peer (P2P) loans. Under plans set out in a consultation document (www.lexisurl.com/p2pcd) the interest subject to tax would depend only on the status of the lender. Currently interest payments may be net or gross depending on to whom the money was loaned. Comments should be emailed to: p2p.consultation@hmrc.gsi.gov.uk by 18 September.
DOTAS
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