Business Tax

Latest news

Image for overseas businesses face ebay vat charge changes

Tax | Overseas businesses face eBay VAT charge changes

This month sees e-commerce giant eBay start charging 20% VAT on its fees to tens of thousands of businesses trading in the UK, in line with HMRC’s tougher stance against online traders who fail to register for VAT returns

7 Aug 2017

Tax | Draft toolkit for taxing offshore indirect transfers

The Platform for Collaboration on Tax – a joint initiative of the IMF, OECD, UN and World Bank Group – is consulting on a draft toolkit designed to help developing countries tackle the complexities of taxing offshore indirect transfers (OITs) of assets, after concerns were raised that some multinational corporations use this practice to try to minimise their tax liability

3 Aug 2017

Tax | UK accounting and legal sector generates £15.5bn of tax receipts

Accountancy firms and legal practices generated an estimated £15.5bn in tax in 2015/16, according to research by PwC for TheCityUK, the representative body for the UK-based financial and related professional services industry

3 Aug 2017

Tax | HMRC launches online tax forum to help small businesses

HMRC has set up an online tax forum and webchat service to help small businesses and the self-employed with their various tax queries, forming part of the government’s business tax roadmap which was first announced at Budget 2016

2 Aug 2017

Tax | Limitations to BEPS when tackling corporate tax evasion

Although the OECD’s base erosion and profit shifting (BEPS) project is viewed by many as the best tool to tackle corporate tax evasion, global tax experts say it comes with limitations with regards to tax avoidance in developing countries and it could even encourage competition on tax rates

2 Aug 2017

Tax | OECD releases BEPS report on neutralising branch mismatch arrangements

The OECD has released an update to its work on action two of the base erosion and profit shifting (BEPS) project, designed to address the effects of branch mismatch arrangements, which had previously been overlooked

1 Aug 2017

Tax | Calls for Isle of Skye ‘tourist tax’

As the holiday season reaches its height, the Isle of Skye is being urged to consider introducing a tourist tax to fund additional facilities, with calls from a local businessman to institute a small fee charged at the Skye Bridge on visitors

1 Aug 2017

Tax

Business Tax

Tax Planning

Image for hmrc issues guidance reform corporation tax loss relief

Tax | HMRC issues guidance on reform to corporation tax loss relief

HMRC is seeking comments on the first tranche of draft guidance covering legislation to reform corporation tax loss relief, which is included in the Finance Bill to be introduced after the summer recess

1 Aug 2017

Tax | Tax updates: August 2017

This month's review of tax cases and tax news including making Tax Digital delayed until 2020, company director not obligated to submit self assessment return, double glazing salesman loses employee status case

1 Aug 2017

Tax | Chancellor backtracks on post-Brexit corporation tax cut

Chancellor Philip Hammond has denied having plans to cut corporation tax and minimise regulations post-Brexit in a bid to make the UK a more attractive destination for businesses

31 Jul 2017

Tax | US abandons ‘border tax’ plans

The US administration has signalled its intention to move ahead with plans for what President Trump is calling ‘a once-in-a-generation opportunity’ to overhaul the US tax code, but has abandoned plans to introduce a so-called ‘border tax’

31 Jul 2017

Tax | Evans: new territory for US taxes

A territorial tax system is essential, but perceptions US businesses horde cash offshore in order to avoid tax is unfair, says Linda Evans, global tax policy director at IBM

31 Jul 2017

Tax | Pretty green: Ireland's future post US tax reform and Brexit

As the US Trump administration considers its options for tax reform and Brexit approaches, Calum Fuller examines the impact on foreign direct investment in Ireland and whether it is equipped for change

31 Jul 2017

Tax | Petrol/diesel car ban ‘death knell’ for fuel duty revenues

Government plans to ban the sale of all new conventional diesel and petrol cars in the UK from 2040 in a bid to tackle air pollution ‘sound the death knell; for fuel duty revenues’, currently around £27.9bn, according to analysis from PwC

27 Jul 2017

Tax | UK second largest conduit for tax havens

The UK is number two on a list of the top five countries used by multinational corporations to access low-tax financial centres in order to minimise their tax liabilities, according to researchers at the University of Amsterdam

27 Jul 2017

Tax | OTS puts disincorporation relief in spotlight

The Office of Tax Simplification (OTS) is seeking views on future of disincorporation relief, which has only been taken up by a handful of companies since its introduction, and is due to fall by the wayside next year without further action

27 Jul 2017

Navigate

Tax Services

Latest news

Tax | Overseas businesses face eBay VAT charge changes

Tax | Draft toolkit for taxing offshore indirect transfers

Tax | UK accounting and legal sector generates £15.5bn of tax receipts

Tax | HMRC launches online tax forum to help small businesses

Tax | Limitations to BEPS when tackling corporate tax evasion

Tax | OECD releases BEPS report on neutralising branch mismatch arrangements

Tax | Calls for Isle of Skye ‘tourist tax’

Tax | HMRC issues guidance on reform to corporation tax loss relief

Tax | Tax updates: August 2017

Tax | Chancellor backtracks on post-Brexit corporation tax cut

Tax | US abandons ‘border tax’ plans

Tax | Evans: new territory for US taxes

Tax | Pretty green: Ireland's future post US tax reform and Brexit

Tax | Petrol/diesel car ban ‘death knell’ for fuel duty revenues

Tax | UK second largest conduit for tax havens

Tax | OTS puts disincorporation relief in spotlight