Specialist Tax Regulatory Materials
Details of updates to HMRC import, export and customs guidance for the period from 29 October to 11 November 2024.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Substantial shareholding exemption 鈥� overviewThe substantial shareholdings exemption (SSE) provides a complete exemption from the liability to corporation tax on the gains generated from qualifying disposals of shares and interests in shares by qualifying companies. No claim is required. Provided
Tax implications of administration and liquidationThis guidance considers the tax implications of a company going into administration or liquidation.Introduction to company administration and liquidationCompany going into administrationA company which is in financial difficulty may go into
Interest on late paid taxIntroductionInterest on late paid tax is a compulsory charge set out in legislation to reflect the interest which would have accrued to the Exchequer had the correct amount of tax been paid at the right time.Harmonised legislation was introduced in 2009 to:鈥et statutory
