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
Forced SAP upgrade is big on tax transformation agenda Migrating to S/4 HANA is necessary to avoid higher costs as SAP phases out its support for older enterprise resource planning software (ERPs). By Danish Mehboob January 17 2020
Americas tax landscape can rewrite trade in 2020 Taxpayers across the Americas tell ITR that they are most concerned about trade issues over the coming year because of political shifts, digital service taxes (DSTs), and tax reforms forcing... By Danish Mehboob January 13 2020
UAE taxpayers use CbCR to prepare for tax digitalisation in 2020 UAE-based taxpayers are using country-by-country reporting (CbCR) to improve business partnering opportunities and address gaps before the Federal Tax Authority (FTA) introduces a digital tax policy and real-time e-invoicing system. By Danish Mehboob January 08 2020
