The impact of legislative changes, the future of debt pushdown planning and a straightforward methodology for strategic tax planning are considered by Nick Woodford and Christoph Schreiber of PricewaterhouseCoopers. This article was written before the announcement of new rules in the UK Budget on March 16 2005.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
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