United Kingdom Tax Bulletin

    May 2009

    In this issue:

    • Current Rates: The latest rates of inflation and interest
    • Financial Institutions: HMRC target a lot more banks
    • Capital Losses: HMRC reverse their guidance on Mansworth v Jelley
    • Food and Drink: A new statutory relief may be illusory
    • Visitors to the United Kingdom: HMRC have a new day count idea
    • Days of Arrival and Departure: The meaning of presence in the United Kingdom
    • Tax Accounting Records: The Treasury relaxes the obligations on senior accounting officers
    • Controlled Foreign Companies: The Court of Appeal says the UK rules are valid after all