05/19/2022
Without the discipline of a directive, the Commission fears that the scale, detail, and technicalities of the Pillar Two rules could fragment the EU internal market, creating mismatches and distorting fair competition.
05/19/2022
CJEU rules that former French “précompte” system of dividends taxation is contrary to EU law
05/16/2022
"This is certainly not a transparent way of raising extra tax revenue."
05/13/2022
The new amendments have been acted to address objections from the European Commission
05/13/2022
The government proposes raising the wealth tax rate for joint stock companies
05/13/2022
The decision of the lower tax court of Cologne is the third decision of a lower tax court that confirms the view of the tax authorities
05/10/2022
One official working on British sanctions policy told The Independent that the UK’s tax system, and specifically “ghost doms” and non-doms, “severely limited” their ability to track and trace individuals’ income streams
05/10/2022
UK venture capital market review should look to simplify tax rules
Given that the Treasury inquiry seeks evidence on options for change, it is hoped that the inquiry provides an opportunity for the industry to raise some of the challenges associated with the complexity of the tax rules.
05/09/2022
Arrangement has allowed bank to earn billions of pounds nearly tax-free for over 12 years
05/03/2022
The earlier you use certain tax allowances, the more you shelter assets from ongoing tax.
04/28/2022
A new £25 million central government taskforce that will enlist an elite team of experts to crack-down on fraudsters who attempt to steal taxpayers’ cash will be operational by the summer, the Chancellor will announce today (27 April).
04/28/2022
"It is more important to do this right and to do it together than it is to do it quickly."
04/27/2022
This loophole works because the beneficial owner of an account is not always reported under the OECD’s standard (CRS) and is never reported by the US under the inter-governmental agreements related to the Foreign Account Tax Compliance Act
04/26/2022
The Commission is therefore looking at ways to make improvements in this area and has launched a consultation on the problems at stake as well as on possible measures and their potential impacts.
04/26/2022
Many clients think only in terms of inheritance tax, but income tax, capital gains tax and stamp duty land tax also need to be considered.
04/22/2022
It is the latest stage in HMRC’s fight against ‘disguised remuneration’ schemes, which are structured to remunerate employees or contractors via loans from a third party.
04/21/2022
HMRC has set out guidance to help users of remuneration trusts determine what tax they owe.
04/20/2022
Of those that have stayed, we are fairly certain from the conversations we have had that many more would go if non-dom status was removed altogether.
04/18/2022
Additional recommendations that appear to be aimed at ensuring consistency with the HNWI Unit include provisional taxpayers with business interests now being required to submit their assets (at cost) and liabilities in their tax filings each year.
04/12/2022
HMRC has sent out letters in the last 12 months asking taxpayers to sign a declaration asserting they do not owe any tax from offshore sources.