Business and Other Briefings
HMRC: New guidance on registering under the Money Laundering Regulations 2007 has been published by HM Revenue & Customs (HMRC). Guidance for Trust or Company Service Providers (TCSPs) and Accountancy Service Providers (ASPs) has been updated and is available on HMRC's website to reflect feedback from businesses in their discussions with HM Treasury - See ‘Guidance Notes and Best Practice Guides’ for more information
This Brief advises businesses of the withdrawal of a current default interest practice with effect from 1st September 2008. Issue of the brief allows a resonable run in time for businesses.
This Brief explains our approach to the application of paragraph 2 of Schedule 9 Finance Act (FA) 1996 in cases involving late-paid interest between connected companies.