A source has revealed that pre-filing talks have taken place, suggesting that China and the UK might be working on their first bilateral advanced pricing agreement (APA).
The Institute of Fiscal Studies (IFS), an influential think-tank, has criticised the UK government’s plans for a patent box as it made the case for a more efficient tax system.
The UK tax authorities have set out their position on VAT exemptions for debt collection services after the European Court of Justice’s decision in the AXA case found against the taxpayer last year.
One of the authors of a review of the UK tax system told politicians today that the distinction between the treatment of debt and equity financing was not good for business.
