Consultation on refinements to the hybrid and other mismatch rules

We have previously highlighted difficulties with the application of TIOPA 2010 s259ID income in a December 2019 tax blog.  HMRC is taking the opportunity to consult on refining the hybrid and other mismatch rules following publication of the draft Finance...

HMRC’s business risk review process for large corporate taxpayers will change from 1 October 2019

HMRC has indicated it will be rolling out its new business risk review categorisation for large business from 1 October 2019. This follows consultation in December 2017 and the subsequent operation of a pilot by HMRC.  Currently there are only...

Corporation tax deduction on option exercises impacted by method of settling employment tax

We have become aware of a developing issue regarding the CT deduction on share option exercises, which could mean that some companies have over-claimed this relief.  This note only relates to CT and does not impact the income tax treatment...