United Kingdom Tax Bulletin

    February 2010

    In this issue:

    • Current Rates: The latest rates of inflation and interest
    • Tax Health Plan: A fresh disclosure opportunity
    • Residence: A new decision on residence
    • Company Residence: HMRC issue guidance
    • Retrospective Legislation: The Court considers some retrospective legislation
    • Tax Penalties on Advisors: The new tax penalties do not apply to advisors
    • Tax Surcharges: HMRC’s claim to a surcharge was misconceived
    • Enterprise Investment Scheme: The meaning of employing money in the business
    • Transfers to Offshore Companies: Transfers from an offshore PE to a company can trigger CGT
    • Foreign Currency Bank Accounts: HMRC announce a helpful relaxation