TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Proposed Changes to UK Corporation Tax

A Technical Note has been published by HMRC seeking views on proposed changes to UK Corporation Tax relating to the Mergers Tax Directive.

The European Mergers Tax Directive, which came into force in 1992, was amended in February 2005. HMRC have published a Technical Note, for consultative purposes, seeking views on the proposed changes to Corporation Tax. The Technical Note outlines the necessary draft clauses to implement the amendments to the Directive into UK Corporation Tax and Capital Gains Tax law. The date of response is no later than 2 February 2007.

A copy of the consultative document can be found at http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_ConsultationDocuments&propertyType=document&columns=1&id=HMCE_PROD1_026318.