03/05/2022
HMRC now successful in 86% of tax disputes in UK courts and tribunals
Delays of sometimes more than a year in the issue of judgments and long delays in listing cases were reported by users of the FTT last year
Tax
03/02/2022
DeVere partners with law firm to offer tax advice in Spain and Portugal
The jump in demand in the last 12 months has been considerable.
02/28/2022
The Swiss banking clean-up is a mirage
The impact of Swiss ‘success’ in these areas amounts to, TJN estimates, tax losses suffered by other countries of some US$21 billion a year, or enough to fully vaccinate more than a billion people against COVID.
02/24/2022
Andersen Global Enters Collaboration Agreement with Bahrain-Based Law Firm
Almoayed Chambers Consultancy is a boutique law firm with specific focus on corporate commercial contracts
02/21/2022
Luxembourg: New One-Time Tax Reporting Obligation for Investment Vehicles
It is worth highlighting that these reporting obligations apply even if the investment vehicle never invested, directly or indirectly, in Luxembourg real estate.
02/18/2022
Expect forward-looking UK corporate tax reform in coming months
The availability of tax relief for overseas R&D is often essential to businesses
02/16/2022
HMRC’s NFT seizure ‘unlikely to be the last’
“The fact that money laundering now turns to investments in digital assets itself brings us to the next level of online crime,” said Nils Rauer, expert for digital transformation at Pinsent Masons.
02/16/2022
U.S. Tax Issues Linger For Some Swiss Banks
Threatened with criminal charges, ZKB reached a settlement with the U.S. Department of Justice (DoJ), which at the time included a fine as well as a probationary period of several years.
02/15/2022
An Overview of OECD Pillar 2
Addressing the tax challenges raised by digitalization has been a priority of the OECD/G20 Inclusive Framework on base erosion and profit shifting (BEPS) since 2015.
02/14/2022
UK tax authority seizes NFTs for first time in £1.4m fraud probe
The digital tokens, which emerged in 2014, can be thought of as certificates of ownership for virtual or physical assets.
02/11/2022
Tax disputes: follower notices and accelerated payments
The rules apply to income tax, National Insurance contributions (NICs), capital gains tax, corporation tax, apprenticeship levy, inheritance tax, stamp duty land tax and the annual tax on enveloped dwellings.
02/11/2022
How a Tiny Tennessee Court Case May Shape the Future of Digital Assets: A Dispute over a $3,800 Tax Bill Could Have Billions of Dollars in Consequences
In essence, this staking process lets validators use tokens they already have (and a relatively small amount of computing power) to obtain additional tokens.
02/09/2022
Foreign-owned companies responsible for third of suspected underpaid UK tax
The figures showed £11.5 billion from a total of £35.8bn suspected to be underpaid.
02/09/2022
HMRC rethinks new VAT policy for early termination and compensation payments
Under the new policy, which applies from 1 April 2022, where supplies subject to VAT are made, other payments that are required to be made to the supplier under that contract, such as early termination fees, will usually also be subject to VAT.
02/04/2022
Tax Meets ESG: Emerging Corporate Governance Risks and Opportunities
Companies must be prepared to respond to the increasing pressure for tax transparency. At a minimum, this preparation enables the company to control its tax narrative.
02/04/2022
French Tax Report and Financial Market News
This tax report provides you with the relevant current French tax news together other general information regarding the French financial market.
02/04/2022
UAE set to impose corporation tax in 2023
Businesses will only need to file one corporate tax return each financial year
02/02/2022
VAT, employee incentives and vouchers
The desire to incentivise employees did not constitute a sufficient business purpose within the meaning of Article 26(1)(b).
01/28/2022
MTD income tax pilot attracts just over 1,000 volunteers
The data, acquired from HMRC via a freedom of information request, shows that the number of annual sign ups has fallen from 877 in 2018-19 to only 26 in the most recent full year, 2020-21.
01/26/2022
Increased US Gift and Estate Tax Exemptions and Further Planning Opportunities in 2022
The maximum gift and estate tax rate remains at 40% of the fair market value of the relevant assets.