Environmental taxation has been a divisive issue in recent years. But if there was one strong conclusion at Green Budget Europe’s annual conference in Copenhagen, it was that the EU’s Energy Tax Directive (ETD) was not working effectively and that the Commission’s proposed revisions were a welcome improvement.
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The new guidance is not meant to reflect a substantial change to UK law, but the requirement that tax advice is ‘likely to be correct’ imposes unrealistic expectations
China and a clutch of EU nations have voiced dissent after Estonia shot down the US side-by-side deal; in other news, HMRC has awarded companies contracts to help close the tax gap