Other news in brief | KPMG | UK

Other news in brief

Other news in brief

A round up of other news this week.

1000

Also on KPMG.com

HMRC have published a tax information and impact note (TIIN) which specifies amendments to provide double taxation relief from 1 January 2016 in respect of the UK bank levy and contributions made to the EU Single Resolution Fund.  An accompanying draft Statutory Instrument, The Bank Levy (Double Taxation Relief) (Single Resolution Fund Levy) Regulations 2016, has also been published.

A recent First-tier Tribunal decision in The Crown and Cushion Hotel (Chipping Norton) v HMRC considered whether sponsorship payments were made wholly and exclusively for the purposes of the trade under s54 CTA 2009, with the taxpayer’s appeal being allowed. 

KPMG in the UK’s BEPS Action 4 diary has been updated with a post on the US 385 Regulations, which set out new rules in relation to the US tax treatment of certain related party debt.

The Building Trust in Analytics report found that most UK business leaders believe in the value of using data and analytics (D&A), but say they lack confidence in their ability to measure the effectiveness and impact of D&A, and mistrust the analytics used to help drive decision making: 

Tax Matters Digest

View KPMG's weekly newsletter covering the latest issues in taxation and government announcements relating to tax matters.

 
Read more

Connect with us

 

Request for proposal

 

Submit

KPMG’s new-look website

KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.