01/12/2023
The changes affect Luxembourg tax transparent entities operating in Luxembourg with foreign shareholders where those shareholders hold at least 50% of voting rights or capital in the Luxembourg entity or hold entitlements to at least 50% of its profits.
01/11/2023
It does not look at capital losses, which are subject to different rules.
01/06/2023
Even though several important questions remain unanswered, the Notice provides welcome guidance on many critical issues as taxpayers evaluate the impact of the CAMT on their financial reporting and estimated tax payments for the first quarter of 2023.
01/03/2023
Under the new regime, if a person fails to make a VAT return on time, that person is liable to one late submission penalty point for the relevant group of returns.
12/15/2022
Corporate Tax 2023 Publication
12/15/2022
This decision upheld part of an earlier Upper Tribunal (UT) decision, which also concluded that the expenses were expenses of management, but overturned the UT’s conclusion that the expenses were not of a capital nature.
12/15/2022
Capital gains resulting from the disposal of companies or other entities, wherever they are located, which hold Italian property may become taxable in Italy.
12/14/2022
This will include UAE companies that are incorporated or managed and controlled in the UAE, as well as some entities in free zones.
12/06/2022
The changes were ratified by the Council of State last month and will take effect from 1 January 2023 until 31 December 2023.
12/05/2022
HMRC is not required to make an informal request prior to issuing a Schedule 36 notice, so in some circumstances, HMRC may consider it more appropriate to simply issue a Schedule 36 notice straight away.
11/18/2022
In a report earlier this year, the Climate Change Committee urged the government to undertake a net zero tax review to establish how the tax system can best support the transition to net zero.
11/17/2022
The UK has signed up to two new multi-lateral competent authority agreements (MCAA) for the automatic exchange of information about two different categories of international activity.
11/02/2022
They concluded that NHS Lothian did not have sufficient evidence to support its ‘Fleming’ claim for under-recovered input tax.
11/01/2022
The new regime does not apply to foreign-sourced dividends and disposal gains if the receiving MNE entity satisfies the ‘economic substance requirement’.
10/20/2022
But delivering a statement in the House of Commons, Hunt told MPs that he would “reverse almost all the tax measures” announced in the growth plan that had not yet been legislated for in parliament.
10/20/2022
Recent international (ie at OECD level), regional (ie at the level of the European Union) and unilateral initiatives have been launched and implemented
10/17/2022
The reversal of that proposal was so short lived that most businesses will not have had chance to adjust their investment plans in any event.
10/17/2022
The list showcases the top providers of a wide range of services to UHNWs
10/12/2022
Altogether, ITR granted Dentons 52 individual rankings, including five in the Women in Tax category, recognizing the Firm’s leading women lawyers.
10/05/2022
“Congratulations and thanks are due to all of our team whose hard work and commitment have been reflected in our ranking again this year.”