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10 Jul 2008
Two institutes have joined forces in calling for the government to allow businesses to bring offshore gains into the UK tax free and then concentrate on anti-avoidance issues.
In a letter to the Treasury's financial secretary Jane Kennedy, the CIoT and the ICAEW put more pressure on the Treasury to grant the long- awaited dividend exemption before looking into the potential knock-on effects, the FT reported.
Tax policymakers have raised concerns that the dividend exemption would see companies pass 'passive' income from assets such as intellectual property through controlled foreign companies in low tax jurisdictions.
However, advisers have said that the repatriation of funds onshore will actually benefit the UK's corporate tax take.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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