Financial Instruments Tax and Accounting Review

In the first of two articles, Stephen Weston of Deloitte & Touche takes a look at a variety of the structured notes issued in the capital markets, and the driving force behind each issue.

In this article Simon Leach of PricewaterhouseCoopers looks at the new branch capital legislation and the background to its introduction and considers whether the legislation, as it is currently drafted, is likely to raise the projected revenues.

Tony Beare examines the recent decision by Park J. in Barclays Mercantile Business Finance Limited v Mawson (2002 STC 1068) and explains why it is of some significance to a leasing industry still reeling after a spate of recent legislative changes.

Naomi Belcher of Herbert Smith considers the recent Inland Revenue consultative document.