United Kingdom Tax Bulletin

    December 2008

    Inside:

    Current Rates: The latest rates of inflation and interest

    Residence and Domicile: HMRC issue some additional guidance on the new rules

    Dividend Waivers: A dividend waiver can represent a settlement

    Tax Penalties: The maximum penalty is imposed for failing to keep copies of tax returns

    Ordinary Share Capital: The definition is to be amended for group relief purposes

    Small Companies Rate: HMRC provide guidance on associated companies