The chances of the successful implementation of a common consolidated corporate tax base in the EU in the near future are mixed, if the opinion of a panel at the IFA annual congress is a good guide.
Jeffrey Owens has said a small group of developed countries should not decide how governments should redesign their tax systems in response to the global financial turmoil.
EU member states are not allowed to withhold input VAT repayments even where the taxable person has not paid the full amount in a transaction, the European Court of Justice has ruled.
A statement from European leaders, after an emergency meeting last night in Brussels, included a comment about the possible future direction of Irish tax policy.
Life assurance companies in the UK will have to use the amounts they enter in their Form 40 regulatory filings to calculate corporation tax bills, rather than the actual value of the assets underlying those amounts, after the Scottish Widows decision in the Supreme Court in London.
In a triumph for the tax authorities, the Upper Tribunal in London has ruled that the VAT incurred when paying advisers’ fees during an acquisition in 2006 is not recoverable.
