Large Corporate

Technial
1 July 2017

In March 2017 the government published a consultation document which considers proposals to bring non-resident companies within the charge to corporation tax in respect of income arising from UK real property and also gains which are currently taxed as non-resident CGT gains (NRCGT gains). The CIOT commented that we would prefer to see a strategic review of property taxation and that further work should be done on the Exchequer and economic impact of the proposals before any decision is taken.

Technical
1 May 2017

The government is consulting on proposals to move certain non-resident companies from the income tax regime into the corporation tax regime.

Technical
1 March 2017

In addition to raising concerns around some aspects of the detail of the proposed new rules, the CIOT tackled the implementation of the new rules for a corporate interest restriction, saying that the legislation has been rushed through without sufficient time for full consideration.

Technical
1 March 2017

The proposed new rules reforming the treatment of corporation tax losses go beyond the stated policy aim and place unnecessary burdens on taxpayers.

Technical
1 October 2016

The CIOT responded to a call for evidence issued by the European and External Relations Committee of the Scottish Parliament, called to support its inquiry into the implications for Scotland’s relationship with the EU after the referendum on 23 June.

Technical
1 October 2016

The CIOT has told the government that secondary adjustments should not be introduced into the UK’s domestic transfer pricing legislation.

Technical
1 October 2016

The CIOT supports widening the scope of the substantial shareholding exemption (SSE).

Technical
1 October 2016

The proposed changes to the rules dealing with corporation tax loss relief will have winners and losers and what is proposed is far from simple.

Technical
1 September 2016

The CIOT has called on the government to delay changes to tax relief for corporate interest expense to help businesses adjust to the new regime smoothly and prevent the complexity having a negative impact on inward investment to the UK.

1 July 2016

The CIOT supports the policy behind the new rules intended to prevent the reduction of tax liabilities by multinational enterprises by the use of hybrid instruments and entities. However, we have concerns that the provisions may apply in normal commercial situations.