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

Thin Capitalisation

HMRC have published the model Statement of Practice on Advance Thin Capitalisation Agreements (ATCA's). It is expected that the model statement will streamline the process for companies wishing to obtain a forward agreement in respect of financing provisions to which schedule 28AA, ICTA 1988 applies.

The model Statement of Practice on Advance Thin Capitalisation is available at http://www.hmrc.gov.uk/cnr/draft-atca-v1.pdf.