ITR Search | International Tax Review

‘Game changer’ accelerated payment notices make £1 billion for UK in first year

HMRC, the UK revenue authority, has collected £1 billion ($1.54 billion) as a result of its accelerated payment notices (APNs) scheme, financial secretary to the treasury David Gauke claimed this week.

Joe Stanley-Smith, September 16 2015

Moscovici calls for action as EU VAT gap rises again

Pierre Moscovici, European Commissioner for Economic and Financial Affairs, Taxation and Customs, has urged EU member states to tighten up VAT collection after new figures showed €168 billion was lost in 2013.

Joe Stanley-Smith, September 15 2015

Sang Kim appointed co-chair of DLA Piper’s US tax practice

Sang Kim has joined David Colker as co-chair of DLA Piper’s US tax practice, and will become the sole group leader of the US tax practice from January 1 2016, the firm has announced.

September 15 2015

IRS significantly changes competent authority application

The IRS has published final changes for taxpayers applying for competent authority (CA) assistance. An IRS official and a former US Competent Authority explain what this means for taxpayers.

September 13 2015

Prepare for BEPS: How to find evidence of independent party deal structures

It is no longer sufficient to only support the arm’s-length pricing of transactions. Companies must now validate the structure of their intercompany transactions against evidence from independent party transactions.

September 13 2015

Brazil: Free enterprise and tax planning

The enactment of Provisional Measure (MP) 685 on July 21 2015, which obliges companies to reveal to the tax authorities transactions that result in the suspension, reduction or deferral of taxes, represents an unfortunate chapter of Brazil’s fiscal history, argues Julio de Oliveira of Machado Associados.

September 13 2015

Energy Guide 2015 now available

The 4th edition of the Energy Guide, published in association with Deloitte, is now available online.

September 11 2015

Big Romanian VAT cut not enough for businesses

Romania's government has agreed to cut its headline rate of VAT by five percentage points by January 2017 as part of its tax reform package, agreed last week.

Joe Stanley-Smith, September 10 2015

Why smaller companies are at a greater risk of TP adjustment from HMRC

Through analysing HM Revenue and Customs’ (HMRC) “tax under consideration” figures it appears HMRC is turning its attention to medium sized companies, after years of putting large businesses’ transfer pricing activities in the spotlight.

September 08 2015

How public reporting of corporate tax affairs is becoming more likely

A fundamental sticking-point of country-by-country reporting (CbCR) is that companies’ tax affairs could be published in the public sphere. This is causing a great deal of distress for multinationals concerned about confidentiality and competition. There is consequently a big debate about how to comply and whether companies should comply at all.

September 08 2015

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