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Draft Finance Bill 2016—targeted changes to the company distributions rules

Draft Finance Bill 2016—targeted changes to the company distributions rules
Published on: 08 January 2016
Published by: LexisPSL
  • Draft Finance Bill 2016—targeted changes to the company distributions rules
  • Original news
  • What is the background to the proposed TAAR and the planned changes to the transactions in securities rules?
  • What does the proposed TAAR do?
  • What are the targets of the proposed TAAR?
  • Is the proposed TAAR easy to fall into?
  • What are the proposed changes to the transactions in securities rules?
  • How are the transactions in securities rules being changed to make sure that current HMRC practice is clearly supported by legislation?
  • How do the proposed changes to the transactions in securities rules address a perceived ‘design flaw’ in the drafting?
  • Will the proposed changes to the transactions in securities rules result in it being less likely that taxpayers will seek clearance?

Article summary

Tax analysis: Timothy Jarvis, chartered tax adviser at Squire Patton Boggs, takes a look at the proposed targeted anti-avoidance rule (TAAR) and changes to transactions in securities rules ahead of the Finance Bill 2016. or take a trial to read the full analysis.

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