News Archive

UK Tax Agency Tightening Net On Offshore Tax Evaders

HM Revenue and Customs (HMRC) has warned UK taxpayers that the deadline for disclosing offshore assets before tougher penalties are introduced is approaching, and has announced new proposals to provide more time for it to investigate someone who has failed to declare the right amount of tax.

UK Tables Regulations For Making Tax Digital Initiative

The UK Government has released The Value Added Tax (Amendment) Regulations 2018, which were tabled in the House of Commons on February 28, 2018, to provide for the introduction of new digital tax administration obligations for value-added tax registered persons in the UK, stemming from the Government's Making Tax Digital (MTD) project.

Ireland Publishes Study Of Brexit Trade Impact

The Irish Government has published a new study on the impact Brexit could have on trade, which warns that in a worst-case scenario, Ireland's GDP growth could be reduced by seven percent by 2030.

UK Announces Tax-Free Childcare Allowance

IPSE, the Association of Independent Professionals and the Self Employed, has welcomed the UK tax authority's announcement that all working parents – including the self-employed – can now receive a tax-free childcare allowance.

Brexit: EU Explains Tax Impact On Cross-Border Trade

The EU's Directorate-General for Tax and Customs Union has explained how the UK ceasing to be a member of the European Union will impact the customs and value-added tax rules applying to UK businesses and EU firms trading with the UK.

UK Tax Advisers Welcome Inheritance Tax Review

The Chartered Institute of Taxation (CIOT) has welcomed the announcement that the UK's Office of Tax Simplification (OTS) is to undertake a review of inheritance tax.

Dutch Firms Face Substantial Brexit-Related Tax Costs: KPMG

The Government of the Netherlands has warned Dutch companies trading with the United Kingdom that they will face "high costs" if the UK leaves the European Union without a deal.

UK Encouraged To Add Tax Hikes To Austerity Drive

The United Kingdom should look to tax measures to bring down the deficit and focus on the self-employed and value-added tax rules, the International Monetary Fund has recommended.

UK Guides On Tapping EIS Tax Scheme Investment

The UK Government has recently issued guidance on the conditions that companies must satisfy in order to raise additional funds from investors using the Enterprise Investment Scheme (EIS), which provides tax relief to investors in higher-risk small companies.

UK Releases Guidance On Royalties WHT Proposal

The UK Government has released a consultation on the royalty withholding tax targeting digital firms announced in the UK's most recent Budget.

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