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United Kingdom

Archive: United Kingdom

This content is from: United Kingdom

KPMG UK shakes up tax litigation practice
July 31 2013
This content is from: United States

Joint group to deal with interpretations of revenue recognition accounting standard

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are to set up a group to deal with different interpretations arising from the final converged standard on revenue...
By Ralph Cunningham
July 30 2013
This content is from: European Union

ICAEW and Institute of Directors criticise ECJ’s impact on tax policy

Taxpayers, advisers and academics have expressed concern over the impact of European Court of Justice (ECJ) rulings on member states’ tax policy in a UK government report about EU membership.
By Joe Dalton
July 24 2013
This content is from: European Union

European court’s PPG Holdings decision opens door for VAT refunds

Companies that pay the management costs associated with defined benefit (DB) pension schemes should be able to recover VAT after the European Court of Justice (ECJ) ruled in favour of Dutch firm PPG Holdings.
By Joe Dalton
July 24 2013
This content is from: European Union

Mayor Boris Johnson fails to understand FTT by calling on European banks to headquarter...

London Mayor Boris Johnson has called on German, Italian and Spanish banks to move their headquarters to London to avoid the financial transaction tax (FTT). But in doing so he has failed to understand how the tax wil...
By Salman Shaheen
July 23 2013
This content is from: United States

The OECD’s BEPS report: How did others react?

Now the dust from last week’s G20 finance ministers’ meeting in Moscow is beginning to settle, the question is to what extent the OECD’s action plan for tackling base erosion and profit shifting (BEPS) marks a turning...
By Matthew Gilleard
July 22 2013
This content is from: Ireland

PART II: The UK as a business hub – drawbacks and future direction

Part I of this analysis of the UK as a business hub looked at many of the aspects that make the UK a favourable jurisdiction in which to conduct business. There are, of course, factors that detract from the UK’s attra...
By Matthew Gilleard
July 18 2013
This content is from: United States

OECD reveals BEPS Action Plan at G20 meeting in Moscow

The OECD Action Plan for tackling base erosion and profit shifting (BEPS) was unveiled this morning at the G20 meeting of finance ministers in Moscow. The plan discusses a timeframe of between 12 and 24 months for imp...
By Matthew Gilleard
July 18 2013
This content is from: United States

PART II: G8 land administration push: The precursor for modern property tax systems?

The G8 Lough Erne Declaration calls for greater transparency on land transactions in developing countries, which when implemented would require governments to modernise their land registries.
July 18 2013
This content is from: United States

Why the UK is an attractive business location

The UK has done much to reform its corporate tax regime over the past 10 years, evidenced most recently by the announcement of a further corporate tax cut – to 20% from April 2015 – and the introduction of a patent bo...
By Matthew Gilleard
July 16 2013
This content is from: European Union

Germany wants European patent box regimes withdrawn

Germany remains concerned about the competitive disadvantage it feels it is being placed under by the existence of European patent box regimes such as the UK Patent Box and the Dutch Innovation Box.
By Matthew Gilleard
July 16 2013
This content is from: European Union

HMRC renewing efforts to combat VAT fraud in online trading

HM Revenue & Customs (HMRC) has said it is renewing efforts to combat VAT fraud within ecommerce. Companies trading online must ensure they comply with VAT registration requirements when selling to customers via the i...
By Emma Powell - ITR
July 09 2013
This content is from: Switzerland

Fewer untaxed UK assets in Switzerland than predicted

The Swiss Bankers Association (SBA) has stated that Switzerland’s tax agreement with the UK, which entered into force on January 1 2013, will result in far less revenue for the UK exchequer than previously assumed.
By Matthew Gilleard
July 08 2013
This content is from: United States

Posey harangues Treasury over Fatca implementation

Another US Republican Congressman has taken aim at the Foreign Account Tax Compliance Act (Fatca) in a bid to have the controversial legislation stopped.
By Ralph Cunningham
July 07 2013
This content is from: United States

Baker & McKenzie promotes 15 to tax partner

Baker & McKenzie has promoted 15 members of its global tax team to the position of partner.
July 06 2013
This content is from: United Kingdom

HMRC accepts internal governance must improve for dispute settlements

HM Revenue & Customs’ (HMRC) tax assurance commissioner, Edward Troup, has said the UK tax authority’s internal governance for dispute settlements needs to improve and has offered some insight into HMRC’s processes in...
By Joe Dalton
July 03 2013
This content is from: United States

Sainsbury’s CEO: Tax is a moral issue and business must be proactive

Justin King, Sainsbury’s CEO, has said that tax is a moral issue and that companies should be prepared to explain and defend their tax arrangements.
By Matthew Gilleard
July 02 2013
This content is from: European Union

Gazprom on the problem of missing trader intra community VAT fraud, and the EC's anti f...

Missing trader intra community VAT fraud (MTIC fraud) is the theft of VAT from tax authorities by organised criminals, often involving complex structures, such as carousel fraud and contra-trading. It usually revolves...
July 02 2013