HMRC consultation: the Taxation of Securitisation Companies (Amendment) Regulations 2018

Released 04 December 2017

HMRC are seeking comments on draft regulations to update the securitisation regime to reflect recent accounting changes and commercial developments, by 15 January 2018.

The Taxation of Securitisation Companies (Amendment) Regulations 2018 will make provision for specific areas of uncertainty over the appropriate tax treatment of securitisation companies by amending and updating the existing regulations to ensure that these companies are subject to an appropriate tax charge. The regulations will also rectify an existing condition that has become ineffective, due to a change of accounting standards. A tax information and impact note: Corporation Tax: updating the securitisation regime has also been published. The consultation closes at 11:45pm on 15 January 2018. Comments can be submitted by telephone or sent by email to Elizabeth Ward-Penny on:

Telephone 03000 585 876

Email: elizabeth.ward-penny@hmrc.gsi.gov.uk.

View the draft regulations and explanatory memorandum at Open consultation Draft legislation: The Taxation of Securitisation Companies (Amendment) Regulations 2018.

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