KEY POINTS
- The UK Regulations, finalised on 13 January 2020, will only apply in relation to direct EU taxes.
- The Legal Professional Privilege exemption is still unclear.
- Penalties have been capped at...more
2/8/2020
/ Anti-Avoidance ,
Cross-Border Transactions ,
Disclosure Requirements ,
EU ,
HMRC ,
Intermediaries ,
International Tax Issues ,
Legal Professional Privilege ,
New Legislation ,
Reporting Requirements ,
Tax Authority ,
Transitional Arrangements
Key Points
- Coming into force on 1 July 2020, EU DAC6 Regulations will require intermediaries in certain cross-border arrangements to disclose activity to tax authorities.
- The DAC will apply retroactively to affected...more
12/12/2019
/ Anti-Avoidance ,
Corporate Counsel ,
Cross-Border Transactions ,
Disclosure Requirements ,
EU ,
HMRC ,
Intermediaries ,
International Tax Issues ,
Legal Professional Privilege ,
Member State ,
New Regulations ,
Tax Authority ,
Tax Avoidance ,
Third Country Entities (TCEs)
Key Points
- The off-payroll rules (IR35) aim to stop individuals from avoiding employee status for tax purposes (and thereby reducing the income tax and National Insurance Contributions (NICs) payable) by supplying their...more
12/9/2019
/ Employer Liability Issues ,
HMRC ,
Income Taxes ,
Intermediaries ,
Investment Management ,
New Rules ,
Off-Payroll ,
Payroll Taxes ,
Personal Services ,
Public Sector ,
UK