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  • VAT decision spells trouble for UK retailers
    The UK Court of Appeal on July 18 dashed the hopes of retailers, after it overturned a previous court decision in a long-running value-added tax (VAT) dispute between Debenhams, a UK retailer, and HM Revenue & Customs (HMRC)
    July 31 2005
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    US states approve streamlined sales tax scheme
    The streamlined sales tax project (SSTP) in the US will come into effect on October 1, after a meeting between state governments on July 1 in Chicago confirmed the project's thresholds will be met
    July 31 2005
  • Chinese authorities issue new circular on business tax exemption
    The Chinese State Administration of Taxation issued a letter on June 23 2005 to supplement the existing notice on income tax examination and approval procedures from in-bound technology transfers for foreign enterprises. The existing notice had been introduced on July 1 2004 and the circular makes it explicit that the approval procedures that came into effect on this date cannot be applied to transactions completed beforehand.
    July 24 2005
  • PCAOB in tax shelter vote
    The body that oversees the work of auditors of public companies in the US will vote on July 26 on proposed rules that would ban an accounting firm from supplying tax shelter advice to its audit clients
    July 24 2005
  • Commission v United Kingdom and Northern Ireland
    Failure of a member state to fulfil obligations – Directive 77/799/EEC – Mutual assistance by the competent authorities – Fields of VAT and excise duties – Partial transposition– Territory of Gibraltar.
    July 20 2005
  • Hong Kong and China to begin tax treaty talks
    Hong Kong and China are to start income tax treaty negotiations on September 5, Frederick Ma Si-hang, Hong Kong's secretary for financial services and the Treasury, said on July 14.
    July 17 2005
  • Venezuela demands more tax from oil industry
    Two more international oil companies have been caught up in the Venezuelan government's campaign against alleged tax evasion in the industry
    July 17 2005
  • Tax court opens up to taxpayer scrutiny
    The US Tax Court last Monday published proposed new rules allowing claimants to scrutinize the opinions of special trial judges in an effort to dispel its covert reputation
    July 17 2005
  • Vodafone hires interim tax director
    Malcolm Burke, a tax partner at Ernst & Young in London, will move to Vodafone as interim group tax director on August 10. Robbie Barr, the telecom company's group financial controller, said the hire was made after Lynne Patmore, Vodafone's group tax director, decided to leave company.
    July 17 2005
  • US corporate tax revenues soar
    The federal US tax authorities have increased the amount of corporate tax collected by more than 40%
    July 17 2005
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