International Tax

Latest news

Image for royal bank canada wins ps19m tax dispute

Tax | Royal Bank of Canada wins £19m tax dispute

HMRC has lost a long running tax case after Supreme Court rules in favour of Royal Bank of Canada over disputed £19m tax bill related to North Sea oil payments

13 Feb 2025

Tax | Q&A: tax on offshore fund gains and losses

Ria Dhillon, tax adviser at Croner-i, explains the tax position on offsetting losses against gains and the importance of defining the fund

11 Feb 2025

Tax | US pulls out of UN plan for international tax rules

The US has withdrawn from controversial new United Nations led international tax framework to replace OECD rules, saying it has ‘profound objection’ to proposal

5 Feb 2025

Tax

International Tax

Image for enquiry spotlight persistence and sound legal argument pays

Tax | Enquiry spotlight: persistence and sound legal argument pays off

In our exclusive new series focusing on complex HMRC cases, Bash Khanzada, HMRC enquiries consultant at Croner-i, explains how a major tax dispute between a trustee and HMRC was resolved

23 Jan 2025

Tax | Global 15% tax rate ‘has no force’ in US, says Trump

In one of his first actions as president, Donald Trump has ruled out the US ever adopting OECD plan for global minimum tax rate for the largest businesses

21 Jan 2025

Tax | UN goes ahead with global tax framework

The United Nations will start talks on finalising an agreement on international tax cooperation in February in a challenge to established OECD tax rules

17 Jan 2025

Tax

International Tax

Law and Regulation

Image for tullow oil cleared over ps257m ghana tax bill

Tax | Tullow Oil cleared over £257m Ghana tax bill

London listed Tullow Oil has won an arbitration hearing over a multimillion pound tax demand from Ghana but is still fighting two further disputed tax bills

8 Jan 2025

Tax

International Tax

Case Reports

Image for 1k spike individuals revealing offshore income

Tax | 1k spike in individuals revealing offshore income

HMRC nudge letters convinced 22% more people to come forward with their offshore assets in 2024

2 Jan 2025

Tax | UK businesses using tax havens plummets by 43%

The number of UK businesses using tax havens in the Caribbean and closer to home has halved as HMRC gets access to more data on whether they are genuinely operating

18 Dec 2024

Tax | EU to speed up withholding tax procedures

The European Council has adopted a new tax directive for faster and more transparent procedures to obtain double taxation relief

10 Dec 2024

Tax | Public CbC reporting will curb use of tax havens

As multinationals are required to disclose a full breakdown of taxes paid under public country-by-country reporting rules, the use of tax havens and profit shifting will be curbed, explains Greg Yates, senior ratings manager, Fair Tax Foundation

5 Dec 2024

Tax | Portugal offers expats IHT tax planning options

Upcoming changes to inheritance tax could deliver significant savings to British expats living in Portugal if they have been living outside the UK for a sizeable period

2 Dec 2024

Tax | Can technology save you from Pillar Two fatigue?

Preparing for Pillar Two global 15% base tax rules is no easy task with the challenge of mass consolidation and interpretation of data from disparate sources, explains Russell Gammon, Tax Systems

14 Nov 2024

Tax | Trump tax reforms for expats on shaky ground

Plans to slash tax on Americans living abroad hinted at on the campaign trail by president elect Donald Trump are unlikely to get through Congress

11 Nov 2024

Tax

International Tax

Politics

Tax | EU set to adopt e-invoicing for VAT

In a sweeping change to EU VAT rules, the European council has agreed to go ahead with electronic invoicing and real-time data reporting

6 Nov 2024

Tax

International Tax

VAT

Image for stranded cruise ship could trigger tax rethink

Tax | Stranded cruise ship could trigger tax rethink

The Villa Vie Odyssey cruise ship, stuck in Belfast for five months, could result in a review of tax rules for long-term and permanent cruise passengers

7 Oct 2024