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

Corporation Tax Loan Relationships – Draft Guidance on Debt-buy Backs

HMRC published draft guidance on the recent changes (contained in Finance Act 2010, Sch. 15) to the corporation tax rules on releases of debt by connected companies. HMRC are requesting all comments on the draft guidance be submitted by 28 May 2010. The guidance is available at http://www.hmrc.gov.uk/drafts/draft-changes-debt-buy-back.pdf.