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Budget 2023 – Ireland | Tax Highlights from Walkers

Set against this backdrop, Ireland's Budget 2023 was presented as a "Cost of Living Budget" to support individuals, families and businesses to deal with rising prices.

Costs in the UK tax tribunals

The tribunal must generally accept an in-time application by the taxpayer for opting out unless, exceptionally, it considers it it in the interests of justice to refuse the application.

Pensions tax settlement more likely following ruling on ‘IOUs’

In the Sippchoice decision, the Upper Tribunal decided that a transfer of non-cash assets made in satisfaction of pre-existing money debts were not ‘contributions paid’ into a pension.

Tax Train Wreck: US IRS Derails Private Wealth Tax Planning Transactions

In this Legal Update, we’ll explore what went wrong so that taxpayers who might try to navigate this rail line in the future can keep their train on the tracks.

IR35: HMRC backs use of ‘CEST’ tool by large UK businesses

If the business follows the CEST determination, there would then be no requirement to notify.

Norton Rose Fulbright lawyers ranked in World Tax 2023

The firm is also listed as a top firm in the practices of general corporate tax and tax controversy in New York and Texas.

Luxembourg's double tax treaties network

To mitigate the risks of double taxation for businesses, it has entered into comprehensive double tax treaties with over 80 jurisdictions.

‘Confusion’ among UK businesses over new plastic packaging tax

The plastic packaging tax is payable by UK businesses that manufacture or import 10 tonnes or more of plastic packaging – which does not include at least 30% recycled plastic – over a 12-month period.

Tax rollover applied to share for share exchange despite tax saving motive

In this case, Euromoney negotiated terms with a third-party buyer to buy its shares in two joint venture companies.

Cayman Islands Enforcement Guidelines: Common Reporting Standard and Economic Substance

The Guidelines set out the TIA’s principles and processes for taking enforcement action through administrative penalties for non-compliance under the CRS and the ES regimes.

EY’s Rahul Kini named ‘Rising star in digital’

The awards have become a staple in the finance calendar, with more than 50,000 votes being cast by members of the public to determine the winners.

Ed Renn featured in Accounting Today's recent article on the proposed Inflation Reduction Act of 2022

In the Accounting Today article, Ed shares that although the bill itself is a surprise, it does not contain a lot of surprises.

GAAR advisory panel backs UK taxpayer in anti-abuse dispute for first time

The panel concluded that, despite the arrangements being contrary to the policy objectives of the legislation and exploiting a shortcoming in the legislation, the steps taken were a reasonable course of action for tax purposes.

Getting ready for R&D tax credit regime changes

HMRC is reviewing the treatment of foreign branches of a UK company within this context, and we should understand more in due course.

HMRC ‘Housted’ as a preferential creditor

When the Restructuring Plan was introduced, the government stated the intention was for it to be used not only for large multi-national entities, but for small and medium sized enterprises as well. So far, it has only really been used by big businesses.

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