07/29/2021
Taxpayers may not need to pay HMRC
“As the 2019/20 UK tax returns were not – in the main – impacted by the Covid Lockdown, many self-assessment taxpayers may find that their 2020/21 income is much lower than their earnings for 2019/20."
Tax
07/28/2021
ESC B18: limitations to the tax credit available for UK beneficiaries of non-UK resident trusts
As for UK resident beneficiaries of non-UK resident trusts
07/28/2021
Global tax guide to doing business in...
The complexities and intricacies of navigating different tax systems has proven to be a challenge for multinationals that operate in more than one country.
07/26/2021
Tax authorities ask Germany for data of Maltese with offshore Dubai accounts
Malta is on the hunt for international tax dodgers
07/26/2021
Tax Espresso – Special Alert
Global Minimum Tax Frequently Asked Questions (FAQ)
07/26/2021
UK proposes new tax regime for fund asset holding companies
The government issued a second consultation on the proposals in December and has now set out the plans for reform in draft legislation, a policy paper and a consultation response document.
07/19/2021
Proposal for a 15% minimum corporate tax rate by the G7
This initiative has successfully culminated in changes to tax treaties and domestic legislation across a large number of countries since 2016, promoting a fairer international tax system.
07/13/2021
Windfall: one third of Scotland’s biggest wind farms linked to tax havens
The “bright green image” promoted by the renewable energy industry is “more a murky shade of grey”, says one.
07/13/2021
How your cryptoassets will be taxed in the UK
With bitcoin advancing more than 300 per cent in 2020, and 73 per cent of HNW individuals expected to invest in cryptoassets before the end of 2022, understanding how your digital assets will be taxed is essential.
07/12/2021
EU puts digital tax plan ‘on hold’ during OECD talks
New levy plan was due to be unveiled later this month
07/11/2021
Inheritance Tax: Being the ‘Bank of Mum & Dad’ may cut your IHT bill - 'Everyone wins'
INHERITANCE TAX may leave Britons with a hefty bill, however, the costs may able to be cut through an approach which ensures "everyone wins".
07/09/2021
HMRC provides further clarification on key trust registration issues
We are pleased to report that HMRC has now provided further clarification on several issues.
07/09/2021
Blick Rothenberg’s new Head of Tax hits out at lack of tax simplification in the UK and calls for a wholesale review on how tax is levied
Despite two new policy papers in the last few days, the Office for Tax Simplification (OTS) is just tinkering around the edges and not sorting out a system that was designed years ago, writes our new Head of Tax, Caroline Le Jeune.
07/09/2021
Legal decision against HMRC could open the floodgates
The decision in this case confirms that HMRC are not able to use the discovery power to assess the child benefit charge where no tax return has been submitted.
07/08/2021
European Commission Adopts New Sustainable Finance Strategy and Proposes European Green Bond Standard
The framework also contemplates “transition” financing by making sure that the related funds raised by the bond are allocated to environmentally sustainable investments.
07/07/2021
‘LuxLetters’ Investigation Uncovers Tax Loophole in Luxembourg
If tax authorities don’t respond, the letter turns into an agreement and the companies pay as much as they offered to.
07/07/2021
How to get offshore tax planning right
It concentrates on unintentional non-compliance, rather than offshore tax avoidance or evasion.
07/07/2021
Italian revenue agency’s new tax assessment guidelines affect multinationals
A specific section is dedicated to international aspects, including the increasingly common use of exchange of information procedures.
07/06/2021
Proposed UK asset holding companies marks tax change
The UK is looking to introduce its own holding company regime to rival Luxembourg and allow funds to base their investment structures here
07/06/2021
ICAS urges the UK Government to improve tax administration in ten key areas
ICAS has published a new report, Tomorrow’s Tax Administration, setting out its top ten priorities for UK Government action to improve tax administration.