12/04/2020
The COVID-19 crisis is likely to significantly hit tax revenues in 2020, particularly from consumption taxes, due to the sharp fall in economic activity and consumption following lockdowns and the forced closure of many businesses.
12/03/2020
The Circular notes that the law applies to both licenses and sales of covered IP.
12/03/2020
Based on existing guidance and external advice, Quilter said it was now treating its MPS as VAT exempt.
12/02/2020
Making the most of your tax reliefs and allowances has never been more important
12/02/2020
Trustees must re-register with HMRC under the Trust Registration Service and complete an annual declaration by 31 January
12/02/2020
Dutch MPs launch campaign to challenge FATCA rules
The FATCA legislation requires all US citizens to supply the US tax authorities with detailed information of their bank accounts and assets held abroad and requires non-US banks to report such information directly to the IRS.
12/02/2020
The agreement was signed by the US IRS’s Douglas O’Donnell and Monaco’s Minister of Finance and Economy, Jean Castellini.
12/02/2020
HMRC targets individuals in latest offshore undeclared tax drive, says accountants Mercer & Hole
But this time around it is being more direct suggesting that it has information that could result in criminal offences or prosecution for individuals if they do not act.
12/01/2020
Alongside any reduction, the OTS recommends reform of the current chattels exemption on assets sold for £6,000 or less and a review of reporting requirements to ease the compliance burden for individuals.
11/27/2020
The Federal Council will, in response to its consultation document, submit a request to Parliament that withholding tax on bonds be abolished.
11/27/2020
A joint enforcement notice on misleading adverts is one of several interventions to tackle promoters.
11/27/2020
A few provisions are of particular interest for the internationally mobile workforce, in particular the about-face in nonresident withholding reform.
11/26/2020
Office for Budget Responsibility says tough decisions needed to fill spending gap by 2024
11/26/2020
The charges come as the prices of classic cars and motorcycles have soared in recent years and ownership a popular pastime.
11/23/2020
Dividends paid by a company that is a resident of a Contracting State to a resident of the other Contracting State may be taxed in that other State.
11/20/2020
The only way to fund the long-term recovery is by making sure our tax authorities have the power and support they need to stop corporations and the mega rich from not paying their fair share.
11/20/2020
During a recent thematic review the FRC noted the quality of cash flow statements was a concern, numerous basic errors were seen
11/18/2020
HMRC sends out ‘nudge’ letters to check on UK residency
The main reason for these campaigns is to increase the tax take, and this one comes as the Government looks at ways of clawing back billions spent during the current pandemic.
11/18/2020
As UAE advice firm chief expects a ‘commercial war’ between crown dependencies
11/17/2020
HMRC’s announcement therefore prompted a concerned response from industry and representative bodies