9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook HMRC Also found in:Acronyms,Wikipedia. (in Britain)abbreviation for (Government, Politics & Diplomacy) Her (orHis) Majesty's Revenue and Customs, a government department that administers and collects major direct...
diverted profits tax, CFCs and cross-border debt continue to be a clear priority for HMRC, based on the figures they have released about the significant number of ongoing investigations and the resources they are allocating.
Where the rules apply, the payment by the transferring partner is taxed as if it were partnership profit. Commentary The proposals have been a long time coming as HMRC announced some time ago its view that LLPs have been used to implement aggressive tax planning (sometimes poorly), and this...