12/14/2022
UAE’s corporate tax exemption for investment funds ‘a welcome relief’
This will include UAE companies that are incorporated or managed and controlled in the UAE, as well as some entities in free zones.
Tax
12/06/2022
Lower VAT rates to apply in Luxembourg in 2023
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 taxpayer information notices
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
Autumn Statement: tax reform must align with UK’s net zero agenda, say experts
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
UK adopts further international exchange of information on tax matters
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
Lack of evidence signals the failure of historic VAT claim
They concluded that NHS Lothian did not have sufficient evidence to support its ‘Fleming’ claim for under-recovered input tax.
11/01/2022
Foreign gains to be subject to Hong Kong Profits Tax – a call for re-examination of investment holding structures
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
Reversal on planned UK dividend tax cut a ‘blow to entrepreneurs’
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
Snapshot: what are some tax consequences of debt funding for Luxembourg?
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
Truss corporation tax U-turn will ‘get less attention in the board room’
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
Two lawyers featured in Spear's Tax & Offshore Index
The list showcases the top providers of a wide range of services to UHNWs
10/12/2022
International Tax Review recognizes Dentons among world's leading tax practices
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
Saffery Champness recognised as tier one Independent Trust Company
“Congratulations and thanks are due to all of our team whose hard work and commitment have been reflected in our ranking again this year.”
10/04/2022
Did the Inflation Reduction Act Create a SPAC Tax?
This blog post highlights the potential application of the excise tax to SPACs.
09/29/2022
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.
09/23/2022
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.
09/19/2022
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.
09/08/2022
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.
09/07/2022
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.
09/05/2022
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.