News Archive

Free Money Thanks to VAT Flat Rate Scheme?

BKL points out that the Flat Rate Scheme can sometimes be useful.

HMRC interest rate change is 'unfair'

An accountancy body says it is "simply unfair" that people owing tax have seen a rise in the interest they pay, while those owed a refund will see no change.

Tax talk: Time to think outside the box in Wales?

Reports without recommendations are sometimes the best. They don't come with an agenda and when facts speak for themselves you can come to your own conclusions.

UK Must Leave EU VAT Area, UK's Lower House Votes

Upon leaving the European Union, the UK should not be included in the EU VAT area and adopt its own specific VAT regime, UK lawmakers agreed on July 16, 2018, in a move that may derail the Government's efforts to agree a Brexit transition period to cushion the impact of Brexit on firms.

UK Legislates To Adopt New EU VAT Rules For Vouchers

On July 6, 2018, the UK Government issued draft legislation that would transpose new EU value-added tax rules on vouchers into UK law, along with an explanatory memorandum of the changes.

G7 Committed To Digital Tax Consensus

G7 countries are committed to working towards a consensus-based solution to the tax challenges of the digital economy, according to the final communique issued at the conclusion of the G7's summit in Charlevoix, Canada.

TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore, by providing more favorable tax treatment to foreign income than domestic profits, the Institute on Taxation and Economic Policy (ITEP) has said.

G7 Committed To Digital Tax Consensus

G7 countries are committed to working towards a consensus-based solution to the tax challenges of the digital economy, according to the final communique issued at the conclusion of the G7's summit in Charlevoix, Canada.

Just Three Signatories For HMRC's Digital Marketplace VAT Pact

The UK tax agency, HM Revenue and Customs, has disclosed that just three online marketplaces have so far signed up to its voluntary agreement on supporting VAT compliance: Amazon, eBay, and Fruugo.

UK's targeting of Russian oligarchs as a national security threat is a sham

Russia and its oligarchs are not alone in their kleptomaniac, money-laundering endeavours.

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