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

Controlled Foreign Companies (CFC) Finance Bill 2014 Amendments

HMRC have published draft guidance on the proposed amendment to the CFC rules in Clause 286 of Finance Bill 2014. The proposed amendments are intended to prevent UK base erosion caused by the transfer of intragroup interest income offshore or by moving a foreign affiliate's bank debt into a UK company.