Anti-avoidance drive could push corporates out

Anti-avoidance drive could push corporates out

Top companies are looking to domicile outside of the UK because of government policy

The UK’s tough stance on anti-avoidance may drive some of the country’s
largest companies overseas, according to reports.

At least one FTSE100 company is understood to be investigating a move away
from the UK in response to the crackdown on once-accepted business practices.

Guy Brannan, head of tax at City law firm Linklaters, told The Times
that the relocation plans of a number of companies were at a ‘pretty advanced
stage’.

Others are so angry with the move that they are refusing to cooperate with HM
Revenue & Customs’ attempts to understand tax planning.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

3m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

3m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

5m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

6m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

6m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

9m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

9m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

10m Alia Shoaib, Reporter