Manufactured Overseas Dividends

By designer | 21st September 2011 |

The Government has taken immediate steps to clarify the tax treatment of Manufactured Overseas Dividends (MOD) by publishing draft legislation to be incorporated within the 2012 Finance Bill. The legislation will take effect for MOD paid on or after the date of the announcement, 15 September 2011, and is estimated to increase tax receipts by…

Read More

Tax Treaties Anti-Avoidance legislation

By designer | 2nd September 2011 |

N.B. On 9 September 2011 the Government announced that in view of concerns raised it has “decided not to proceed further with the consultation on the proposed legislation and will not include it in Finance Bill 2012.” The recent announcement of the agreement between Swiss and UK authorities in respect of taxation on investments held…

Read More