Cash refunds for R&D expenditure - Manufacturing sector

On the 25 April 2013, the Enterprise and Regulatory Reform Bill containing the Large and Medium-sized Company and Groups Regulations received Royal Assent.

HMRC has lost a case concerning Section 222 ITEPA 2003 at the First-tier Tribunal.

Foreign parent entities with German operations may now be liable to pay German Insurance Premium Tax (IPT).

South Africa’s National Treasury released draft legislation for public comment on 29 April 2013 in which it proposes certain limitations to counter excessive debt deductions.

On 15 March 2013, the Luxembourg government submitted a draft law to the Luxembourg parliament with amended exit tax rules for individuals and companies.

On 30 April 2013 the Steering Committee of the OECD Global Forum on Transfer Pricing issued the Draft Handbook on Transfer Pricing Risk Assessment.

WHA is not entitled to recover input VAT on car repair services because WHA was not the recipient of those services

The Indian Finance Minister presented Finance Bill, 2013 (the Bill), as part of the Union Budget 2013-14, to Parliament on 28 February 20131.

How Boards can prepare for first time tax transparency reporting, or improve existing reports by enhancing data collection and financial statement and other disclosures.