Following discussions between CIOT and HMRC over the last few months, HMRC have made some changes to their guidance in the Company Taxation Manual on the Targeted Anti-Avoidance Rule (TAAR) contained in s396B ITTOIA 2005.
On 3 July 2018, the OECD published a discussion draft on the transfer pricing aspects of financial transactions as part of Actions 8 to 10 (aligning transfer pricing outcomes with value creation) of the Base Erosion and Profit Shifting (BEPS) project.
The next in our series of webinars took place on the afternoon of 18 July and covered the Requirement to Correct Certain Offshore Tax Non-Compliance in Finance (No 2) Act 2017.
