News Archive

EU To Probe Potential Abuses Of Citizenship By Investment Schemes

For the first time, the Commission has presented a comprehensive report on investor citizenship and residence schemes operated by a number of EU member states.

Launches Profit Diversion Compliance Facility For MNEs

HM Revenue and Customs (HMRC) has announced plans and guidance for a new Profit Diversion Compliance Facility, which is intended to support multinational companies (MNEs) concerned about their transfer pricing arrangements to resolve any issues with the tax agency.

Brexit impact hits UK business by 16 per cent, study finds

Findings show firms with a UK focus most affected The impact of the Brexit vote has reduced the value of UK companies by 16 per cent, according to new analysis.

UK Legislates To Close Insurance VAT Loophole

On December 11, 2018, the UK Government tabled The Value Added Tax (Input Tax) (Specified Supplies) (Amendment) Order 2018 before the House of Commons to close a VAT avoidance loophole that is exploited by some UK insurers.

ECJ Rules UK Can Unilaterally Ditch Brexit Plans

The European Court of Justice has ruled that the UK can unilaterally abandon the process of leaving the European Union, providing parliament approves the move.

Consolidates No-Deal Brexit Tax Law Guidance

On November 27, 2018, the UK Government published consolidated guidance on the customs, VAT, and excise regulations that have been drafted to deal with the possibility that the UK may leave the EU on March 29, 2019, without a deal on a transition period that would delay Brexit until 2020.

UK Urged To Drop Plan To Extend Offshore Tax Limitations Period

The UK Parliament's Economic Affairs Finance Bill Sub-Committee has proposed that provisions should be stripped from the Finance Bill that would extend the time limit on assessing offshore tax to 12 years

The revolution in banking that will be good news for the customer

PSD2 should be seen as an opportunity for banks to redefine the customer experience.

Contractors facing huge tax bill launch legal action against HMRC alleging human rights breach

The tax office has admitted that it anticipates that some people 'will become insolvent as a result' of its new loan charge

Carelessness and Tax Avoidance

David Whiscombe comments for BrassTax on a change of legislation for penalties for carelessness in avoidance arrangements.

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