Spring Capital Ltd (TC4273)
Implications of a gift of shares and share buy-back
Will a cosmetic transfer of funds result in adverse corporation tax consequences?
PAC also critical of reliefs cost data
Pyreos Ltd (TC4328)
Can a director withdraw company funds and invest them as its agent?
HMRC recovered £1.1bn tax from transfer pricing enquiries during 2013/14, double the amount collected the previous year, according to official statistics.
Financial secretary to the Treasury David Gauke claimed the increase was due to the additional funding given to the Revenue “to challenge multinational groups to ensure the rules are followed and the right tax paid”.
The specialist HMRC unit that examines pricing within multinationals has secured a total of £5.8bn in tax since being launched in 2008.
Leekes Ltd (TC4298)
Lack of joined-up thinking means inconsistent treatment of the sale of goodwill
Scotts Atlantic Management Ltd; Scotts Film Management Ltd v CRC, Upper Tribunal
Using a UK company to hold personal assets
The European Commission (EC) has unveiled its agenda to combat avoidance and aggressive tax planning, with a package of measure to increase tax transparency to be announced next month.
A key objective of the agenda is to ensure that companies are taxed where their economic activities generating the profits are performed, commissioners agreed at the first orientation debate on possible actions to ensure a more transparent approach to taxation in the European Union (EU).