Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
6 May 2021
Gide Alert | UK | Banking & Finance | Tax
The special rules (‘securitisation regime’) under which a cashflow (rather than accounts) basis of taxation applies to the retained profit of a securitisation company were introduced in 2006. Changes made to the regime over the intervening fifteen years have been relatively incremental. However, on 23 March 2021, HM Treasury and HM Revenue and Customs (HMRC) fired the starting gun on a consultation that will run until 3 June 2021.
This consultation, the outcome of which is expected to be revenue neutral for the Exchequer, raises the possibility of reform in four separate areas which we have summarised in this Client Alert in order of what we anticipate ought to be their commercial significance.
Click on the PDF below to read the Client Alert in full.
