Duties Directive News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Welcome to Issue 41 of our Ashurst Governance & Compliance update series, the aim of which is to keep you up to date on recent governance and…

HM Revenue and Customs (HMRC) published draft legislation on 14 September for inclusion in Finance Bill 2023-24, which will remove the 1.5% charge to UK stamp duty and stamp duty...

Welcome to August’s edition of our UK Tax Round Up. This month has seen two interesting decisions from the Upper Tribunal, the first on the loan relationship unallowable purpose test...

STSM055150 - Depositary receipt and clearance services: scope of 1.5 per cent charge: Stamp Duty Reserve Tax - optional share reserve stock dividend paid with an issue of shares You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. An optional share reserve stock/cash dividend represents an arrangement whereby a shareholder may elect under the terms of a United Kingdom incorporated company’s Articles of Association to take part or all of a dividend payment in newly issued shares rather than cash. Where the sh...

STSM055060 - Depositary receipt and clearance services: scope of 1.5 per cent charge: Stamp Duty Reserve Tax - issue of a nil paid allotment letter or renounceable letter of allotment You should check the other guidance available on GOV.UK from HMRC as Brexit updates to those pages are being prioritised before manuals. Following the decisions by the European Court of Justice in October 2009 in the case of HSBC Holdings PLC and Vidacos Nominees Ltd v Commissioners for HM Revenue & Customs(C569/07), and the First-tier Tribunal (Tax Chamber) in March 2012 in the case of HSBC Holdings PLC and the...