01/24/2024
In the absence of the ability to rely on the direct effect of EU law, UK funds will now not be able to challenge the scope of the UK VAT exemption, meaning that the scope of the exemption may diverge between the UK and the EU.
01/12/2024
To address these two core questions concerning the VAT Directive's interpretation, the CJEU provided the following reasoning.
01/04/2024
Hong Kong generally adopts a territorial principle of taxation, i.e. profits tax is only chargeable on Hong Kong-sourced profits derived by a person carrying on a trade, profession or business in Hong Kong.
01/03/2024
In this article for the October edition of French estate planning journal Ingénierie Patrimoniale, Edward Reed, George Mitkov and Quentin Oyon look at recent developments in the UK.
12/11/2023
For Michelle, at least, the lifestyle is second to none. “It is hard to beat living in a city where you can enjoy outdoor activities year-round,” she says.
12/04/2023
In January 2021, following intense lobbying from businesses and advisers, HMRC partially retracted Brief 12/20
11/30/2023
The scheme aims to encourage individuals to provide equity based finance to Irish companies.
11/30/2023
As the final days of 2023 draw near, it appears increasingly unlikely that Congress will have the capacity to pass any year-end tax legislation.
11/23/2023
An enhanced 27% tax credit will be available to small or medium enterprises (SMEs) that spend 30% of total expenditure on qualifying R&D.
11/09/2023
VAT is often recoverable for businesses
11/09/2023
The court's dicta also seems to open the door for using the Three Bite Rule to advance other varieties of freestanding treaty-based foreign tax credit arguments.
11/02/2023
This effort has been carried out in conjunction with an increase of direct requests to foreign tax authorities with respect to the affairs of UK tax residents, again significantly up as against the previous year.
10/18/2023
British Virgin Islands Removed from EU Tax Blacklist
10/04/2023
The recent updates to the guidance represent a fairly substantial reorganisation of the locations of the parts of the guidance
09/21/2023
The UK’s tax regime prevents this by applying the amount of profit or loss that would have been made between unconnected parties for tax purposes.
09/12/2023
The tax is calculated on a fixed amount per tonne.
09/08/2023
This achievement highlights the firm's expertise and focus on providing high-quality, multi-jurisdictional tax advice and transactional support to clients.
08/18/2023
Bermuda’s proposed corporate income tax on MNEs signifies a transformative moment in its tax policy.
08/15/2023
Taxes paid under the proposed Bermuda corporate income tax regime would be those that would otherwise be payable to other jurisdictions under the OECD global minimum tax framework.
08/02/2023
A round up of the Simmons & Simmons insights on VAT developments over the last month.