10/12/2020
Ireland and Luxembourg: The Updated EU Annex I List
This update considers the impact on certain tax reporting and other tax measures in Ireland and Luxembourg.
Tax
10/11/2020
UK urged to do more to open up tax havens to public scrutiny
"It's huge news," Nienke Palstra, of Global Witness, told AFP. "They had been dragging their feet, even though it's been a legal obligation since 2018."
10/09/2020
Switzerland shared bank account data with 66 countries in 2020
This is part of an annual exercise since 2017 when Switzerland decided to implement a global agreement aimed at preventing tax evasion.
10/08/2020
Taxpayers face losing up to £26bn on Covid-19 business loans
NAO warns of loss on bounce-back scheme because of fraud or inability to repay money
10/08/2020
Orwellian or All's Well? The UK tax authority's new powers and family offices
HM Revenue & Customs’ powers to obtain information from financial institutions are set to increase, with the requirement for taxpayer or tribunal approval to be removed.
10/08/2020
HMRC to contact workers in job scheme checks
The Job Support Scheme was announced by chancellor Rishi Sunak last month as part of the government’s Winter Economy Plan.
10/06/2020
HMRC warns locked-down freshers of ‘wave’ of tax scams
New university intake may be being targeted by cyber criminals amid Covid-19 confusion
10/02/2020
Russia, Malta signed a protocol to revise tax agreement
Russia plans to sign the next revised taxed agreement with Luxembourgm Russia’s Deputy Finance Minister Alexei Sazanov said
10/01/2020
Brewin to review if MPS tax refundable as VAT scrapped
This came after HMRC confirmed it could self-assess whether VAT was due on its MPS.
10/01/2020
Tax reliefs and allowances for working from home
Your tax position will depend on whether you are employed or self-employed and, if employed, whether you pay for these expenses personally or whether they are paid by your employer.
10/01/2020
UK Offshore Receipts in respect of Intangible Property
As the Channel Islands are not “states” for these purposes, residents could potentially be within the scope of the rules.
09/30/2020
Weekly Tax Brief - 29 September 2020
Property sales are on the rise
09/29/2020
The Art of Giving: UK tax incentives for owners of art
Generally, these tax incentives apply to assets which are considered pre-eminent.
09/28/2020
Investments in UK residential real estate market – UK tax considerations for foreign investors
There is no single approach and the solution differs considerably depending on personal circumstances and objectives.
09/25/2020
Kazakhstan needs to reform its tax system to increase its resilience beyond the COVID-19 pandemic
This reform requires measures to strengthen the functioning of the tax administration, including the introduction of an end-of-the-year tax declaration.
09/25/2020
HMRC recouped £274m from IHT investigations last year
UK taxman is ‘dedicating huge resources’ to examine the estates of HNW individuals
09/25/2020
OECD/G20 Inclusive Framework on BEPS shows progress in implementing tax transparency through Action 13 Country-by-Country reporting
As a result, tax administrations, often for the first time, will have received detailed information on all large MNEs doing business in their country.
09/25/2020
IRS targets tax compliance by non-U.S. owners of U.S. real estate
FIRPTA taxes foreign persons on the disposition of their U.S. real property interests.
09/25/2020
The rise and rise of mutual agreement procedures in the EU
Eddie Morris, Jennifer Breeze and Janelle Sadri discuss how the growth in the number of mutual agreement procedures, coupled with fine-tuning of the process, has affected its themes of access, resolution and implementation.
09/25/2020
Financial transactions: A complex landscape for taxpayers and tax authorities
Mo Malhotra, Ariel Krinshpun and Ockie Olivier evaluate how the OECD guidance on financial transactions will influence an increasingly convoluted transfer pricing environment.