Power to disqualify from acting as a trustee - CIOT/ ATT comments

6 Jul 2017

To do so would not be consistent with the Government‚ s commitment in the Business Tax Roadmap to make the UK‚ s tax system more efficient and competitive. Instead they would introduce increased complexity for little benefit, making the UK less competitive. We said that such unilateral rules would cause an increase in double taxation, and serious cash flow problems even if the double taxation issue is ultimately resolved.

Technical Team