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New queries, issue 4480

© Copyright LexisNexis 2024. All rights reserved.

02 December 2014

Issue: 4480 / Categories: Forum & Feedback

Cuban company; Staff supplies; Sliced and diced; Rollover relief

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Cuban company

Tax-efficient payment of dividends from a Cuban subsidiary to UK parent company

We act for a UK company that provides services in the banking and financial services sector. The client owns 50% of the ordinary shares in a Cuban company that operates in the same sector in Cuba.

The other 50% is owned by local individuals and corporates who are not connected to our client. Both of the companies have been making reasonably good profits.

We...

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New queries, issue 4480

© Copyright LexisNexis 2024. All rights reserved.

02 December 2014

Cuban company; Staff supplies; Sliced and diced; Rollover relief

Send us your queries and responses

We pay £40 for each full reply published in print and £20 per extract. Contributions may be identified by name or pseudonym.

Read the terms of publication including use of material

Cuban company

Tax-efficient payment of dividends from a Cuban subsidiary to UK parent company

We act for a UK company that provides services in the banking and financial services sector. The client owns 50% of the ordinary shares in a Cuban company that operates in the same sector in Cuba.

The other 50% is owned by local individuals and corporates who are not connected to our client. Both of the companies have been making reasonably good profits.

We...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

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.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

Issue:

4480

Categories: Forum & Feedback [1]

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Readers forum: Claiming pre-registration input tax Practice tip: 19 December 2024 New Queries: 19 December 2024 Readers’ forum: Should I advise my client to declare income? Readers’ forum: Pension scheme set up as discretionary trust?

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NEWS

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Third slide

Deadline dates for January 2025

CASES

No extenuating circumstances to extend deadline Delay in issuing penalties was no excuse for late return Sales of occupation income avoidance rules apply Whole of settlement was not subject to tax Payments were taxable as earnings

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