Businesses supplying digital services across the European Union will be able to register for the new mini one-stop shop (MOSS) online VAT service from October 20 2014.
In the Finnish K Oy case on the VAT treatment of digitally published books, the ECJ ruled that if a typical consumer in the EU treats the product the same as it would a physical book then the same rate of VAT should be applied.
At last week’s informal ECOFIN meeting in Milan, European finance ministers discussed the future of the EU financial transaction tax (FTT), but are still reluctant to divulge any substantial information about the controversial proposal.
The GMAC decision in the European Court of Justice (CJEU) should give taxpayers the courage to look for benefits from inconsistencies in member states’ VAT legislation, advisers believe.
A Bill was submitted to the Luxembourg Parliament this month that will extend the VAT free zone regime in a bid to increase the country’s competitiveness in the logistics sector, enhance its profile as a storage site for high value goods, and to help align its national VAT system with that of other EU member states.
HM Revenue & Customs has been allowed to challenge the ruling over Glasgow Rangers Football Club’s use of employee benefit trusts (EBTs), which it used to pay players and staff.
Arun Jaitley, Indian Finance Minister, has stressed that too many products cannot be excluded from the goods and services tax, as state governments push to keep products such as petrol, tobacco and alcohol outside the scope of the tax.
In an exclusive interview with International Tax Review, Werner Schuster, vice-president – head of tax at Philip Morris International (PMI), outlines the benefits of working in an in-house tax team, points out how technology is only as good as the data you input and explains why PMI does not outsource its tax functions.
The US Supreme Court is mulling over whether or not to hear WorldCom Inc v. Internal Revenue Service (13-1269), a case that holds the now-obsolete WorldCom (Verizon Communications) liable for millions in excise taxes for its telecommunications services.
DOTAS will become increasingly important as the pendulum starts to swing the other way New proposals by the UK government to enlarge the scope of its Disclosure of Tax Avoidance Schemes (DOTAS) and VAT Avoidance Disclosure Regulations (VADR) regimes, as well as the drafting of a new financial product hallmark, will increase the number of schemes that could fall prey to controversial accelerated payment powers. The consultation document, titled 'Strengthening the Tax Avoidance Disclosure Regimes' continues the aggressive approach to tax avoidance displayed by HMRC.
Alain Recoules has been appointed Taxand’s new global indirect tax leader, in succession to Richard Baxter. Recoules is based in France, where he is a partner of Arsene Taxand and a specialist in VAT and international trade regulations.
The Tax Executives Institute (TEI) submitted comments to China’s State Administration of Taxation (SAT) regarding its draft of administrative measures on general anti-avoidance rules (GAAR). The group, which represents the interests of in-house tax professionals, expressed concern that the new measures inappropriately expand the scope of GAAR and do not provide clarity to taxpayers.
UK taxpayers have until March 2015 to eliminate employee benefit trusts (EBT) from their tax planning. However, the warning does not apply to every company that has used the technique, advisers say.
A settlement initiative for employers who used Employee Benefit Trusts (EBT), as a tax avoidance vehicle will close in seven months’ time, HM Revenue and Customs (HMRC) has announced.
With the introduction of the goods and services tax (GST) from April 2015, the Malaysian Customs Department has released its GST handbook to help prepare businesses for the new tax, but time is running out.
The Delhi High Court has decided, in Zaheer Mauritius vs Director of Income Tax, that the sale of compulsory convertible debentures (CCDs) should be classified as capital gains and exempt under the India-Mauritius double tax treaty (DTT). The decision will mean most to real-estate taxpayers who use Mauritius to invest in India.