International tax

Tax / Taxpayer rights under Human Rights Act explained

HMRC has issued factsheet CC/FS9 on the individual rights of taxpayers who are facing penalties for non-compliance with tax rules, focusing on article 6 of the European Convention on Human Rights

Tax / IRS payment site crashes on tax deadline day

The Internal Revenue Service (IRS) has had to give US taxpayers an extra day to file their taxes after its payment site crashed on the 17 April deadline day

Tax / HMRC publishes BEPS multilateral instrument listing

HMRC has published a proposed revised list of UK reservations and notifications to be included in the multilateral instrument (MLI) which will implement tax treaty related measures to prevent base erosion and profit shifting (BEPS)

Tax / Top tips: reclaiming VAT on international business expenses

Brendon Silver, CEO of VAT IT, reveals the top tips for businesses to get the most out of their expenses, what to look out for and how to break out of a habit of simply putting off claiming back

Tax / EU plans for 3% digital tax

The European Commission has announced plans to introduce a 3% tax on digital businesses, likely to hit around 150 companies and bring in some €5bn (£4.4bn) a year, as an interim step in its efforts to ensure a fair share of revenues from the current ‘black hole’ of online activities

Tax / Footballer Xabi Alonso facing €4m fine for tax fraud

Prosecutors in Spain have accused former Spanish international player, Xabi Alonso, of defrauding the Spanish state of €2m (£1.7m) between 2010 and 2012, and are seeking a five-year jail sentence and €4m fine

Tax / OECD sets out digital economy tax plans

Ahead of this week’s meeting of the G20 finance ministers in Argentina, the OECD has published an interim report on the implications of digitalisation for taxation, and says its inclusive framework on base erosion and profit shifting (BEPS) is working to achieve a consensus approach by 2020

Tax / US taxman set to close offshore voluntary disclosure programme

The US Internal Revenue Service (IRS) plans to close the offshore voluntary disclosure program (OVDP) which allows US taxpayers to declare non-compliant offshore assets from 28 September

Tax / US tax reforms’ ‘unintended consequences’ for CFCs

The American Institute of CPAs (AICPA) is calling for regulatory relief for certain controlled foreign corporation (CFC) taxpayers affected by what it describes as ‘unintended consequences’ from President Trump’s recent tax reforms

Tax / OECD calls time on offshore structures for tax avoidance

The OECD has issued new model disclosure rules that require lawyers, accountants, financial advisers, banks and other service providers to inform tax authorities of any schemes they put in place for their clients to avoid reporting under the OECD/G20 common reporting standard (CRS)

Tax / Plans to sink favourable VAT regime for large yachts

The European Commission has signalled its intention to crack down on VAT evasion in the maritime sector, by opening infringement procedures against Cyprus, Greece and Malta for not levying the correct amount of VAT on the provision of yachts

Tax / OECD webinar on digital tax scheduled

The OECD Centre for Tax Policy and Administration is planning a briefing on the latest plans for digital taxation ahead of the upcoming G20 finance ministers’ meeting

Tax / Transfer pricing definition updated to reflect OECD BEPS

HMRC has confirmed the definition of transfer pricing guidelines within UK legislation following changes to the OECD guidelines issued last year, which will affect businesses who are subject to the transfer pricing rules for the purposes of income tax or corporation tax

Tax / US tax reform: navigating anti-base erosion legislation - part 3

In the third instalment of our series on US tax reform, PwC US partner Donald Doran looks at the latest measures to curb anti-base erosion and mitigating measures for business

Tax / Dodwell: higher withholding tax under anti-shopping treaty

Bill Dodwell, partner and head of tax policy at Deloitte, looks at tax treaties in the OECD’s efforts to curb international tax avoidance and arbitrage