07/28/2023
Tax expert Eloise Walker of Pinsent Masons said: “This is a welcome development, and not so specific in its facts that it is not capable of more general application.”
07/27/2023
There has been some speculation in the UK press about whether a future Conservative government might scrap UK inheritance tax but what is inheritance tax and how might you be affected?
07/24/2023
The proposed new scheme is based on the existing Research and Development Expenditure Credit
07/21/2023
Without doubt, the most radical option for the next government would be to abolish the non-dom regime altogether without adopting any alternative system.
07/20/2023
HMRC said the CDF was a “vital tool” against tax fraud which enabled officials to recoup millions of pounds for the taxpayer without having to resort to costly criminal prosecutions.
07/18/2023
RBC wrote off the original loan to Sulpetro as a bad debt and treated the payments received from the Buchan field as recoveries of that bad debt, which were treated as taxable income in Canada.
07/13/2023
Both of these changes, announced by the Monetary Authority of Singapore ('MAS') on 5 July 2023, are summarised in this article.
07/12/2023
This article looks at when companies are treated as tax resident in Guernsey and considers the tax rates applicable to them and whether they are eligible for tax exempt status.
07/04/2023
The UAE is a zero-tax jurisdiction for taxation of an individual.
06/23/2023
The original lender then used the proceeds of the assignment to the Guernsey entity to provide a new loan to Hargreaves.
06/20/2023
The complexity of ATAD 2 and its related documentation requirement should not be underestimated
06/15/2023
The decision serves as another example of the Irish Courts' reluctance to interfere in the TAC's running of live tax appeals, and as a reminder to taxpayers to prepare and argue their full case before the TAC.
06/05/2023
It also clarifies the tax treatment of trusts with respect to both income and capital gains produced by trust assets and the tax treatment of distributions made to beneficiaries.
06/05/2023
Mr Dines was a 'shrewd' (in the judge's words) businessman but 'hopelessly disorganised' with his paperwork – leading to a bitter fight between his children and second wife in Court over properties worth more than £1m.
06/01/2023
For mid-market companies, HMRC is often a significant creditor, and following its experience in Houst, it was keen to resist being crammed down again.
05/31/2023
An SAYE plan offers eligible employees the opportunity to acquire shares in their employer, or parent, company on a tax-advantaged basis.
05/22/2023
The Islands will monitor implementation internationally and adapt their implementation of the tax rate accordingly to global developments.
05/22/2023
These may be Irish real estate loans or corporate loans of a multinational secured over the real estate of the group including Irish land or buildings.
05/22/2023
There is no arguing that this regime is of financial benefit to remittance basis taxpayers.
05/10/2023
The proposals are not only targeted at retail investors, they are also potentially relevant to institutions such as pension funds and insurance companies as well as other investor categories, such as certified high net worth investors.