BusinessCompany NewsBarclays to remain a UK tax resident

Barclays to remain a UK tax resident

Bank will stay headquartered in the UK, even if ABN Amro deal proceeds

Mega-bank Barclays has refuted claims that it will leave the UK if it
completes its proposed merger with ABN Amro.

In a letter to the FT, Barclays media relations head Alistair Smith
that Barclays would be staying in the UK as a tax resident.

‘Barclays would like it noted that if the proposed merger with ABN Amro goes
ahead, then as stated… Barclays, which will be the holding company for the
combined group, will remain UK incorporated, and is expected to remain UK tax
resident.

The response follows claims that Barclays may relocate to the more favourable
tax regime of the Netherlands, where possible merger partner ABN Amro is based.

Further reading:

Overview: ABN takeover battle puts top FDs on
edge

ABN Amro to stick with Dutch
accountants

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor