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
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
UK government unveils a raft of spending measures amid national and global uncertainty.
After a somewhat turbulent period that saw the cancellation of the Autumn 2019 Budget due to lingering Brexit uncertainty, the...more
HMRC confirms that cryptoassets are not considered to be money or currency for tax purposes.
On 1 November 2019, HM Revenue & Customs (HMRC) issued a policy paper on the taxation of cryptoassets for businesses and...more
11/19/2019
/ Bitcoin ,
Blockchain ,
Corporate Taxes ,
Cryptoassets ,
HMRC ,
Income Taxes ,
Initial Coin Offering (ICOs) ,
Policy Statement ,
Securities Tokens ,
Stamp Taxes ,
UK ,
Utility Tokens ,
Value-Added Tax (VAT)
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
As the European Commission reviews whether tax arrangements conform with State aid rules, companies active in Europe should ensure their fiscal regimes comply with EU law.
In recent years, the European Commission (the...more
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
This year’s Autumn Statement proved to be rather quiet on the corporate tax front, contrasting with the recent OECD/BEPS led activity in the international arena. Perhaps this was in part due to the relatively recent Summer...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