.png)
.png)
News in brief.
Coronavirus support
The Taxation of Coronavirus Support Payments Regulations SI 2021/92 ensure that Covid-19 support payments made to self-employed individuals are treated as part of their self-employed income.
Income tax
The Income Tax (Indexation) Order SI 2021/111 increases the basic income tax rate limit and allowances for the tax year 2021-22.
Tax havens
The European parliament has adopted a resolution calling for reform of the system used to compile the EU list of non-co-operative tax jurisdictions. Proposed changes include the automatic inclusion of jurisdictions with a 0% corporate tax rate or with no taxes on companies’ profits and the strengthening of the screening criteria before jurisdictions can be removed from the list.
GAAR opinion
The general anti-abuse rule advisory panel has published its opinion on the artificial repayment of a participator loan through a specially created company the value...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
