Dawn Primarolo announced yesterday, changes relating to rules for taxing UK dividends received and making equivalent ‘manufactured payments’ under a repo or stock loan.
The changes will ensure that a tax deduction for a manufactured dividend may only be set against a corresponding taxable dividend receipt.
For more information on the loophole see: the full release
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
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UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy