Sam Sholli

Senior Reporter ITR

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Direct Tax

HMRC believes US companies underpaid £8.8bn in tax: accountancy group

The amount is reported to be up 57% from the £5.6bn that the UK tax agency believes was underpaid in the previous year

Sam Sholli, July 14 2025
Indirect Tax

This week in tax: Donald Trump announces 50% tariff on Brazil

The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies

Sam Sholli, July 11 2025
Transfer Pricing

Experts question whether UK TP proposal is ‘absolutely necessary’

The Institute of Chartered Accountants in England and Wales also queried whether HMRC resources could be better spent scrutinising larger entities

Sam Sholli, July 09 2025
Direct Tax

This week in tax: Donald Trump’s ‘big beautiful’ tax bill narrowly gets through Congress

The sprawling legislation phases out Joe Biden-era green tax incentives for businesses; in other news, the UK will reportedly maintain its DST despite US pressure

Sam Sholli, July 04 2025
Transfer Pricing

‘TP litigation here to stay’: experts dissect South Africa ruling

The South Africa vs SC ruling may embolden the tax authority to take a more aggressive approach to TP assessments, an adviser tells ITR

Sam Sholli, July 02 2025
Indirect Tax

This month in indirect tax: compliance the top challenge for indirect tax, Thomson Reuters finds

Indirect tax professionals now rate compliance as a bigger obstacle than technology and automation; in other news, Italy approved a VAT cut on art sales

Sam Sholli, July 02 2025