Business Tax

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Image for facebook challenged over ps113m tax credit

Tax | Facebook challenged over £11.3m tax credit

There has been fresh outcry over the rate of tax Facebook pays in the UK, after its latest accounts showed the UK business as receiving a £11.3m tax credit only months after the US tech giant promised to increase its corporation tax payments, which totalled just £4,327 in 2014

10 Oct 2016

Image for henderson diversified discusses transfer uk due tax changes

Tax | Henderson Diversified discusses transfer to UK due to tax changes

The Henderson Diversified Income Trust (HDIL) is considering leaving its offshore bases in Jersey and Luxembourg to relaunch in the UK and take advantage of the investment trust company tax regime

10 Oct 2016

International Tax

Image for cjeu rule gibraltaruk 15 offshore gambling tax dispute

Tax | CJEU to rule on Gibraltar/UK 15% offshore gambling tax dispute

The UK’s decision to implement a 15% point of consumption tax (POCT) on offshore-based gambling operators supplying remote services to the UK is to be examined by the Court of Justice for the European Union (CJEU), following last year’s successful legal challenge by the Gibraltar Betting and Gaming Association (GBGA) in the High Court

7 Oct 2016

International Tax

Law and Regulation

Image for bull uk tax system post brexit

Tax | Bull: the UK tax system post-Brexit

As the government begins the process of forming its roadmap to Brexit, RSM senior tax partner George Bull looks at what form the tax system will take on post-Brexit

6 Oct 2016

International Tax

Law and Regulation

Image for dodwell country country reporting risk multinationals

Tax | Dodwell: country-by-country reporting risk for multinationals

Bill Dodwell, partner and head of tax policy at Deloitte, discusses compulsory country-by-country reporting reporting for multinational companies, after the recent Finance Bill amendment was passed by Treasury

5 Oct 2016

International Tax

Image for taxation corporate debt rules out consultation

Tax | Taxation on corporate debt rules out for consultation

Revised rules affecting the way corporate debt and derivative contracts are taxed have now been drafted and are out for a brief consultation, in a bid to avoid double taxation and curb potential abuse

4 Oct 2016

Image for hammond abandons plan budget surplus 2020

Tax | Hammond abandons plan for budget surplus in 2020

Philip Hammond has used his first speech to the Conservative party conference as Chancellor to break with his predecessor’s commitment to balance the budget by 2020, and has also made no mention of plans to reduce corporation tax rates any further than previously planned

4 Oct 2016

Image for making tax digital overhauling tax reporting

Tax | Making Tax Digital: overhauling tax reporting

The ambitious and rushed HMRC Making Tax Digital plan calls for a complete IT overhaul for advisers and businesses when it comes to tax filings, quarterly reporting and inevitably a changed relationship with the tax authorities, reports Calum Fuller

3 Oct 2016

Making Tax Digital

Accountancy Firms

Image for business rates revaluation will hike bills one four

Tax | Business rates revaluation will hike bills for one in four

The government has launched a four-week consultation on the long-delayed revaluation of business rates and details of transitional arrangements for businesses hit by substantial rises, which are likely to result in higher rates for one in four businesses

30 Sep 2016

Accountancy Firms

Image for france plans cut corporation tax 28 2020

Tax | France plans to cut corporation tax to 28% by 2020

The French government has put forward a 2017 budget plan outlining plans to cut corporation tax rate to 28% by 2020

29 Sep 2016

International Tax

Accountancy Firms

Image for noonan claims apple tax appeal could take four years

Tax | Noonan claims Apple tax appeal could take four years

Ireland’s finance minister, Michael Noonan, has claimed that the appeal on the European Commission’s decision to recover £11bn in taxes from Apple could take up to four years but has strong advice that Ireland could win

26 Sep 2016

Law and Regulation

Image for draft northern ireland corporation tax guidance published

Tax | Draft Northern Ireland corporation tax guidance published

HMRC has issued draft guidance outlining the technical application of the new 12.5% Northern Ireland rate of corporation tax, which is due to be introduced in April 2018

26 Sep 2016

Image for personal tax accounts hit five million mark

Tax | Personal tax accounts hit five million mark

Less than one in five UK taxpayers have set up a personal tax account with HMRC since the launch of the online digital accounts in the UK, leaving 25 million outside the system

23 Sep 2016

Making Tax Digital

Image for germany change business inheritance tax rules

Tax | Germany to change business inheritance tax rules

A German parliamentary committee has reached agreement on plans to reform the country’s inheritance tax system, ending a two-year stalemate over new rules for people inheriting companies

23 Sep 2016

International Tax

Image for hallam vat crucial eu aim tax harmonisation

Tax | Hallam: VAT crucial to EU aim of tax harmonisation

The European Commission’s ruling that Ireland gave Apple state aid through a tax deal is indicative of a wider harmonisation of EU-wide tax policy, with VAT as a key plank of any reform proposals, says Nicholas Hallam, managing director of Accordance

22 Sep 2016

International Tax

Image for ex bhs owner has hmrc tax debt

Tax | Ex-BHS owner has HMRC tax debt

Dominic Chappell, the former owner of BHS at the time of the retailer’s collapse, is said to owe more than £500,000 to HMRC which has begun legal proceedings against him

21 Sep 2016

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