Consultation tracker
Taxation of the foreign profits of companies
- Published: 09/12/08
- Deadline for responses: 03/03/09
In the 2008 Pre-Budget Report, HMRC announced some major changes to the taxation of foreign profits in the UK, including a proposal to introduce a worldwide debt cap to limit the amount of intragroup interest deductions available to UK companies.
The Government is now consulting on the draft clauses of the debt cap measure.
CTG thinks that there could be an adverse impact for charities funding their trading subsidiaries with loans and will therefore respond to this consultation.
Two documents must be taken into account in responding to this consultation (see our link to HMRC's website)
- The notes and guidance on the draft legislation
- The document containing the draft clauses as they currently stand
The contact person for that consultation is:
Neil Nagle
CT&VAT (International)
HMRC
100 Parliament Street
London SW1A 2BQ
Email: neil.nagle@hmrc.gsi.gov.uk
The Government is now consulting on the draft clauses of the debt cap measure.
CTG thinks that there could be an adverse impact for charities funding their trading subsidiaries with loans and will therefore respond to this consultation.
Two documents must be taken into account in responding to this consultation (see our link to HMRC's website)
- The notes and guidance on the draft legislation
- The document containing the draft clauses as they currently stand
The contact person for that consultation is:
Neil Nagle
CT&VAT (International)
HMRC
100 Parliament Street
London SW1A 2BQ
Email: neil.nagle@hmrc.gsi.gov.uk
| Link | Document | Response |
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