In accordance with the power in the National Insurance Contributions Act 2006 for the UK Treasury to make regulations applying the income tax scheme disclosure rules to National Insurance Contributions (NICs), regulations to this effect were made on 12 March 2007 and will come into effect on 1 May 2007. Implementation of EC Merger Directive – further consultation Further to the November 2006 consultation paper on the implementation of the amended Merger Directive 90/434/EEC, HMRC have issued further draft legislation for comment until 13 June 2007. The new draft clauses relate to the amendments required to cover the treatment of...