International tax

Tax / Wales raises £300m in Tax Revenue

The Welsh Revenue Authority (WRA) reported £300m tax raised during the last financial year in its annual report, this is the first time the national revenue raising body has reported on delivery against its Corporate Plan 2019 to 2022

Tax / Northern Ireland Trade Support Service goes live

The government is urging businesses to sign up to the new free-to-use Trader Support Service with fewer than 100 days until end of Transition period

Tax / EU travel business VAT scheme fuels Brexit uncertainty

With the 31 December Brexit leaving date fast approaching, UK travel operators facing a complex and uncertainty future under the TOMS scheme, including the possibility of registering in all 27 remaining EU states says Sovos Accordance’s Alex Smith

Tax / Victory for Vodafone in Indian tax dispute

Vodafone has won a long-running tax case in India over some £2.4bn of tax imposed by the authorities there following the telecom giant’s acquisition of a local operator over a decade ago

Tax / Non-dom tax rules begin to bite

With falling numbers and tax receipts, Crowe’s Richard Bull analyses the latest non-dom figures and questions how the government could replace urgently needed tax income

Tax / Facebook pays €106m in back tax to France

Facebook’s French subsidiary has agreed to pay €106m (£95.7m) in back taxes following a ten-year audit of its accounts by the French tax authorities

Tax / Non-dom taxpayer numbers stable

The number of individuals claiming non-domiciled taxpayer status in the UK has stabilised at an estimated 78,000 according to the latest HMRC figures, suggesting fears that a tougher tax regime would see many leaving the country are unfounded

Tax / Finance Bill 2020-21: legislation and consultations announced

On 21 July, the government released draft legislation for this year's Finance Bill, plus details of the consultations first trailed at the Spring Budget, Accountancy Daily has consolidated these announcements with full details below

Tax / Offshore bank accounts in HMRC’s sights under DAC 6

Through its disclosure facilities, HMRC learnt more about tax avoidance schemes, but from January 2021 further transparency under the DAC 6 EU directive give it greater firepower over offshore bank accounts, says Harbottle and Lewis’ Gary Ashford CTA

Tax / Tackling the £31bn tax gap: what’s next?

As HMRC reveals a shrinking tax gap, BDO’s Dawn Register and Tom Palmer investigate where and how the tax collector can find the missing billions, from a focus on offshore and the wealthy to those that simply do not pay

Tax / Early tax planning vital for those fleeing Hong Kong for UK life

Navigating the UK tax system for Hong Kong investors, immigrants and BN(O) passport holders can be very complex, as rules change and poor planning create extra tax bills, says Alfred Liu, senior associate at law firm Forsters

Tax / UK overseas territories to make company beneficial ownership details public

Eight of the UK’s overseas territories have committed to introducing publicly accessible registers of company beneficial ownership within the next three years as part of attempts to improve financial transparency, leaving the British Virgin Islands (BVI) as the only significant financial centre still to do so

Tax / Covid-19: delays to overseas VAT claims

HMRC has admitted that changes to its working practices, as a result of the pandemic, have resulted in delays in processing and refunding VAT claims submitted under the Overseas Refund Scheme

Tax / US claims ‘impasse’ on digital services tax talks

The US has pulled out of the discussions on the OECD’s plans for a global tax framework for multinationals in the digital economy, claiming the talks are at an ‘impasse’, and raising the prospect of retaliatory action over any digital services tax (DST)

Tax / EU tax moves impact on UK trade

With Brussels is planning new taxes around carbon, plastic and digital services to bolster the EU economy after coronavirus, the effects of may be felt by UK importers and exporters, says RSM’s George Bull
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