Business Tax

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Image for field stealth taxes will mark post election tax landscape

Tax | Field: stealth taxes will mark post-election tax landscape

Crowe Clark Whitehill tax partner Laurence Field examines how tax policy will develop after the general election on 8 June, with all parties set to seek extra revenues, despite varied claims about reducing the tax burden for business in the case of the Conservatives and a return to pre-2010 corporation tax rates from Labour

31 May 2017

Image for hmrc advisory fuel rates company car users 1 june

Tax | HMRC advisory fuel rates for company car users from 1 June

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2017 reflecting the constant trend in forecourt fuel prices

31 May 2017

Image for chinese football regulator introduces 100 tax foreign player signings

Tax | Chinese football regulator introduces 100% tax on foreign player signings

The Chinese Football Association (CFA) has announced a 100% tax on the signings of foreign players to curb transfer fees, which could stop players such as Diego Costa and Wayne Rooney from joining the Chinese Super League this summer

30 May 2017

International Tax

Image for snp reiterates calls action scottish limited partnerships manifesto

Tax | SNP reiterates calls for action on Scottish limited partnerships in manifesto

The Scottish National Party (SNP) has made the abolition of Scottish limited partnerships a key plank of its armoury against tax evasion in its 2017 election manifesto

30 May 2017

Image for ingenious appeal latest tribunal decision

Tax | Ingenious to appeal latest tribunal decision

A judge clarifying a tax dispute between HMRC and partnerships set up by Ingenious Media has said the decision reached by the First Tier Tribunal was done so with 'misgivings and reluctance'

30 May 2017

Image for manifestos fail offer honest set choices says ifs

Tax | Manifestos fail to ‘offer honest set of choices’, says IFS

Neither the Conservatives’ nor Labour’s manifestos address the long-term challenges faced by the public sector, according to assessment by the Institute for Fiscal Studies

26 May 2017

International Tax

Image for political parties tax plans fail meet business priorities

Tax | Political parties’ tax plans fail to meet business priorities

The two main political parties are failing to address the majority of businesses’ top targets for tax reform, with both the Conservative and Labour manifestos meeting less than half of their key priorities, according to research by Moore Stephens

26 May 2017

Image for messis red card tax fraud confirmed

Tax | Messi’s ‘red card’ for tax fraud confirmed

Spain's Supreme Court has confirmed a 21-month jail term for Barcelona striker and Argentinian football international Lionel Messi, for charges of tax fraud, but the player is unlikely to be sent off the pitch to serve time in prison

26 May 2017

International Tax

Image for hmrc disputes own calculations

Tax | HMRC disputes own calculations

HMRC has won a £3.1m case at a First Tier Tribunal (FTT) where part of the argument centred on whether or not the tax authority could challenge calculations derived from third party software developed to meet its own technical specifications, which may have implications for Making Tax Digital implementations

26 May 2017

Image for uk rejects europe wide corporation tax

Tax | UK rejects Europe-wide corporation tax

Only 16% of UK businesses support the idea of an EU-wide corporate tax rate, and just 6% of those in Ireland, compared to the majority of European businesses which are in favour of a common approach, according to research by Grant Thornton

25 May 2017

International Tax

Image for ukip promises no tax rises

Tax | UKIP promises no tax rises

Speaking at the launch of the UKIP manifesto, deputy chairman Suzanne Evans has said it is the only party going into the forthcoming election to pledge not to raise taxes, with plans to introduce a £13,500 threshold for paying income tax by the end of the next parliament

25 May 2017

Image for uber owes ny drivers millions after accounting error

Tax | Uber owes NY drivers millions after accounting error

Ride-hailing pioneer Uber has admitted it owes its New York drivers tens of millions of dollars following an accounting error in the way in which it calculated their commission, by using a figure which included state taxes rather than a pre-tax fare

24 May 2017

Financial Reporting

Image for eu agrees double taxation dispute resolution system

Tax | EU agrees double taxation dispute resolution system

The European Council has agreed on a new system for resolving double taxation disputes within the EU, in a bid to reduce the difficulty and the tax burden of doing business across borders

24 May 2017

International Tax

Image for 31 may deadline filing automatic exchange information aeoi returns

Tax | 31 May deadline for filing automatic exchange of information (AEOI) returns

The deadline for submitting automatic exchange of information (AEOI) returns for the year ended 31 December 2016 is 31 May 2017 for financial institutions, and that this is the first year for common reporting standards (CRS) filing

23 May 2017

International Tax

Image for push manufacturers claim rd tax relief

Tax | Push for manufacturers to claim R&D tax relief

The manufacturers’ representative organisation EEF has announced a partnership deal with R&D tax relief specialist Jumpstart, with the aim of providing expert advice for members to secure their full entitlement of R&D tax relief

23 May 2017

Image for wach us tax could be cusp brave new world

Tax | Wach: US tax could be on cusp of brave new world

Taxand managing director Tim Wach examines the scope of meaningful change in the corporate tax overhaul in the US and whether this will be achievable during Donald Trump’s term as president

23 May 2017

International Tax

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