The agreement builds on the two-pillar approach outlined by the OECD and aims to tackle the challenges arising from an increasingly globalized and digital economy.
Key Points:
..Under Pillar One, the largest and most...more
An up-to-date summary of key COVID-19 related measures announced by the UK government as of 3 May 2020.
Key Points:
..In a series of announcements starting with the budget on 11 March 2020, the UK government has...more
Given the many fast-paced UK government announcements of COVID-19-related measures, this Alert provides an up-to-date summary as of 24 March 2020.
Key Points:
..In a series of announcements starting with the budget on...more
3/25/2020
/ Commercial Leases ,
Coronavirus/COVID-19 ,
Emergency Management Plans ,
Employee Retention ,
Eviction ,
Government-Guaranteed Loans ,
Moratorium ,
Relief Measures ,
State of Emergency ,
Tax Deferral ,
Tax Relief ,
UK
Following the publication of the Finance Bill 2020 the UK government is pressing ahead with the introduction of the Digital Services Tax from 1 April 2020.
From 1 April 2020 the UK government is introducing a new tax in...more
The 31 December deadline for EU Member States to adopt implementing legislation for DAC 6 is fast approaching. Intermediaries and taxpayers must be ready for compliance.
By the end of 2019, each Member State of the...more
The UK government broadens the scope of tax on non-resident persons and contemplates changes to stamp duty, taxing the digital economy, and Brexit-related changes.
In recent years the pace of change in the corporate tax...more
Against a stormy backdrop of government instability and Brexit uncertainty, the 2017 Budget was always unlikely to rock the boat. The Chancellor chose not to launch a sweeping attack on “ tax avoiders” in light of the public...more
Tax has, in recent months, become a frontpage issue with reaction to businesses not “paying their fair share” sitting alongside pressure on government finances and an uncertain political environment. In our view, the...more
10 considerations for professionals and corporates worldwide in advance of the new law.
Overview -
In a move widely seen as a response to the so-called “Panama Papers” revelations, the UK Government has enhanced...more
4/27/2016
/ Consultation Periods ,
Criminal Liability ,
Due Diligence ,
Foreign Tax ,
Multinationals ,
Panama Papers ,
Proposed Legislation ,
Risk Assessment ,
Tax Evasion ,
Third-Party ,
UK ,
UK Bribery Act
Proposed new UK rules will tax carried interest in certain funds as income, with only specified funds entitled to capital gains treatment -
The UK government published draft legislation on 9 December 2015 amending the...more
The proposed Council Directive marks another, significant, though likely problematic, step towards tackling tax avoidance across Member States.
Background -
The European Commission (the Commission) has been moving...more
Business as usual for UK taxpayers following Supreme Court decision in Anson v HMRC?
HM Revenue and Customs (HMRC) has published its response to the UK Supreme Court’s decision in the landmark double taxation case of...more
A focus on hybrid arrangements, interest deductions, treaty abuse and permanent establishment structures.
On 5 October 2015, the OECD published its highly anticipated final reports in relation to Base Erosion and Profit...more
Supreme Court rules in favour of taxpayer in landmark case regarding UK tax treatment of Delaware LLCs.
On 1 July 2015, the UK Supreme Court handed down a long-awaited ruling in the case of Anson v Commissioners for Her...more
In light of tax changes proposed for April 2014, partnerships may need to reconsider their members’ classification and/or duties to maintain the most tax efficient positions.
The UK Government’s recently published...more