While every attempt will be made to ensure that information provided is accurate at the time of publication, it should be treated as guidance only and does not constitute legal or professional advice. Tax law and guidance changes frequently and readers are advised to consult the current relevant product for the most up-to-date information on this topic.

For many companies the approach of Christmas signals not just seasonal festivities but also the end of their accounting period on 31 December. The weeks and days running up to the end of an accounting period offer a last chance to review the company's tax position for the period and take advantage of any opportunities to make tax savings or to avoid potential pitfalls. Tax avoidance has been very much in the spotlight during 2013 with headlines in the general media as the Public Accounts Committee quizzed directors of a number of multinational companies about their tax policies....

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