Tax & Legal News – Issue 2, February 2013
In this issue: PwC Reports, Official Pronouncments, Supreme Tax Court Cases, From Europe and From PwC
PwC Reports
Corporation tax on portfolio dividends
Official Pronouncements
Provision for future tax audit costs
Valuation of emission certificates for pollutants
Organisational integration for VAT groups newly defined
Supreme Tax Court Cases
Provision for record retention costs can include interest
No tax on off-balance sheet intangibles on change to tonnage tax
Informal closedown of employee relief fund revokes tax exemption of previous years
Stock option benefit realised on disposal
Company car benefit – 1% rule confirmed
Theft from employer is not employment income
Job-ticket benefit taxable on option exercise
Upper limit for tax-free employee functions confirmed for the moment
Payment for non-compete clause can be VAT-free as part of the sale of a business
Equipment given away to sell supplies not a sample
From Europe
Financial transactions tax
Maximum foreign tax credit should not be reduced by domestic allowances
Foreign assignment tax incentive for employers in other member states
EU/Swiss agreement – country of income must grant full allowances to non-resident
Criminal proceedings for evasion not excluded by previous administrative penalty
Investment consultancy to retail investment fund free of VAT
Management charges to employer pension funds not free of VAT
Input tax on defence costs of managers on criminal charges not deductible
Pre-accession relief rule applicable until Commission rules otherwise?
From PwC
Breaking news
Corporate Tax Burdens in Europe
