Coronavirus disrupts corporate reporting and compliance Tax professionals say coronavirus disruptions are having a material impact on corporate transfer pricing (TP) documents such as the functional analysis where significant adjustments can lead to disputes. By Danish Mehboob March 23 2020
Large businesses relieved over UK’s IR35 delay Most industry stakeholders, including tax barristers and large businesses, welcome the UK government’s decision to postpone the off-payroll working rules for the private sector for a year amid COVID-19 disruptions. By Danish Mehboob March 18 2020
Data management is crucial to make CbCR successful Taxpayers told the OECD that aligning country-by-country reporting (CbCR) and the Global Reporting Initiative (GRI) could limit repeating tax information. By Danish Mehboob March 16 2020
UK budget curbs short-term business uncertainty Tax professionals welcomed temporary tax measures to improve the UK’s investment environment in the face of coronavirus fears, but many of the measures will not directly benefit large businesses. By Danish Mehboob March 12 2020
Businesses disillusioned by tax technology market gap Tax directors share their dissatisfaction with technologies such as machine learning because many add-ons, including those marketed by the Big Four firms, do not fit their business needs and systems. By Danish Mehboob March 09 2020
Taxpayers see long-term challenges under UK’s IR35 regime Tax professionals told ITR that the tools designed to assess employment status are not fit for purpose, creating continued uncertainty over how to comply with the UK off-payroll working rules... By Danish Mehboob March 09 2020
Businesses bemoan re-scoping DAC6 in the UK Tax directors told ITR that the UK may limit the EU mandatory disclosure regime (DAC6) following a Brexit transition period, but many businesses are not keen on adjusting to such... By Danish Mehboob March 02 2020
Taxpayers scrutinise substance following wider anti-abuse rules Taxpayers are making sure they have the “right substance” after the EU anti-hybrid mismatch rules took effect on January 1 2020 to target complex structures. By Danish Mehboob January 31 2020
Taxpayers expect slower growth under the OECD’s pillar two Taxpayers expect business expansion to slow from a mismatch between pillar two and controlled foreign corporation (CFC) rules as the OECD continues its rewrite of tax rules into January. By Danish Mehboob January 27 2020
The UK may limit DAC6 disclosures after Brexit Advisors have told ITR that the EU mandatory disclosure regime (DAC6) was “poorly scoped” and may be revised or even phased out in the UK following Brexit. By Danish Mehboob January 20 2020
