Companies

The scope of the UK’s patent box has been reduced, after government officials agreed a compromise with German counterparts over the controversial tax break for companies.

The move was made in an effort to advance negotiations on new rules for preferential intellectual property regimes within the G20/OECD base erosion and profit shifting project.

The impact of globalisation of tax, as seen from a PAC-led conference

Mitigation of liabilities on inter-company transfers and director loans

What are the tax implications of converting a director’s loan?

Kronos International Inc v Finanzamt Leverkusen Case C-47/12, Court of Justice of the European Union

What it means to be an employee for the purposes of a claim to entrepreneurs’ relief

Maintaining the benefit of previous losses against future business profits

Are businesses enjoying the full benefits of R&D relief?

Drilling Global Consultant LLP (TC4003)

FII Group Litigation v CIR and another, Court of Appeal

The UK is the first of 44 countries to commit formally to the new country-by-country reporting template proposed last week by the Organisation for Economic Cooperation and Development (OECD).

The move will improve transparency and help identify risks for tax avoidance, claimed financial secretary to the Treasury David Gauke.

He added, “In time, improved transparency between business and tax authorities will help developing countries in dealing with compliance, as they often lack the capacity to collect information themselves.

J Partridge (TC3946)