Financial Instruments Tax and Accounting Review

FITAR returns to the treatment of equity derivatives as further developments raise new concerns.

The year 2000 has witnessed numerous changes in taxation throughout Europe, considered here by Stephen Weston and Mark Johnson .

The recent Citibank decision gives guidance on the application of the Ramsey principle, examined here by David Southern .

Regulations SI 2000/3158 have been laid before the House of Commons. These list the overseas tax regimes which are to be regarded as designer rates regimes for the purposes of the CFC rules. The listed regimes, which have been used to circumvent the..

The Accounting Standards Board (ASB) has published Financial Reporting Standard (FRS) 19: “Deferred Tax”. By requiring companies to provide for deferred tax on a ‘full’ rather than ‘partial’ provision basis, FRS..

The International Accounting Standards Committee (IASC) has published limited revisions to IAS 39, Financial Instruments Recognition and Measurement. This has also necessitated changes to IAS 27, Consolidated Financial Statements and Accounting for..

Chancellor Gordon Brown has claimed victory in the lengthy debate over the exemption of the UK from a European Union savings tax. EU finance ministers have agreed that an exchange of information between Member States could be the future focus of the..

The Inland Revenue issued a consultative document on the forex FI and loan relationship regimes on 8 November and comments are invited on the proposals set out in the document by 12 January 2001. In this article John Lindsay considers the key areas that are addressed in the consultative document and the main points on which comments are invited.