International tax

Tax | Q&A: tax sparing relief for bank interest on foreign savings account

In this week’s Q&A, Stuart Farmer, apprentice tax advisor at Croner-I, explains that a UK resident in receipt of interest payments from saving account in India may not be liable for tax due to double taxation agreement

26 Sep 2023

Tax

Personal tax

International tax

Tax compliance

Tax | Australian regulatory shake-up post PwC debacle

The tax world has been shaken by the revelations of PwC partners’ involvement in leaks of confidential government tax documents in Australia to multinational clients. Glyn Fullelove, editor-in-chief, Tax Weekly, considers how this could affect UK tax rules

13 Sep 2023

Tax

International tax

Tax planning

Tax | HMRC collects £70m in unpaid tax after profit shifting probe

Multinationals have been using HMRC disclosure facilities more than in the past, paying £70m in unpaid tax after diverting profits overseas to reduce tax bills

4 Sep 2023

Tax | £40bn of property owned by offshore tax haven firms

UK property with a market value of £39.8bn is held by overseas companies not subject to domestic tax laws, according to research from Stripe Property Group

22 Aug 2023

Tax | India hits online gaming industry with 28% tax

India plans to make a significant 10% increase to the current 18% gaming tax on revenue that online gaming companies collect from their customers, but some fear that it might damage the $1.5bn sector

13 Jul 2023

Tax | Global digital services tax plan delayed

Plans to introduce a digital services tax for global multinationals have been delayed by a year, the OECD has confirmed, as some countries had problems with aspects of the tax rules

12 Jul 2023

Tax | Tax take hits £70.8bn in April

HMRC raked in £70.8bn in total tax collected in April 2023 from £63.4bn the previous month, with inheritance tax (IHT) continuing to rise as a result of frozen allowances and inflation

23 May 2023

Tax | Tips on tax filing for US taxpayers living abroad

Glenn Snow, tax director, USTAXFS, gives tips and advice on the key issues to consider when completing US tax returns for US taxpayers living abroad ahead of 15 June tax deadline

17 May 2023

Tax | Labour criticises Rishi Sunak’s tax affairs

The Labour Party has taken aim at Rishi Sunak and his tax affairs with an advert targeting his wife’s previous non-dom tax status

11 Apr 2023

Tax | Tech companies can avoid digital services tax, warn MPs

MPs have called on HMRC to develop a contingency plan for the digital services tax to avoid future avoidance or evasion by big tech companies

6 Apr 2023

Tax

Business tax

International tax

Tax | US embassy expat backlog causes tax headache

Worldwide tax liability for US expats means that many consider renouncing citizenship to extricate themselves from high tax bills, but it is not straightforward, explains Glenn Snow, tax director, USTAXFS

4 Apr 2023

Tax | Dutch banana exporter given Fair Tax Mark

AgroFair has been awarded the Fair Tax Mark, becoming the first multinational headquartered in the Netherlands to secure accreditation to the gold standard of responsible tax conduct

31 Mar 2023

Tax

International tax

Tax | UN plans tax rules to compete with OECD

The United Nations has launched a consultation on its future role in supporting international efforts to tackle tax avoidance and evasion

27 Feb 2023

Tax

International tax

Tax | Tullow Oil files arbitration request over £324m Ghana tax bill

FTSE listed Tullow Oil has filed a request for an arbitration hearing in London to resolve a multimillion tax dispute with the Ghana Revenue Authority (GRA)

17 Feb 2023

Tax

International tax

Tax | British Virgin Islands flagged on EU tax haven list

The EU has added four countries to the tax havens list including the British Virgin Islands, Russia, Costa Rica and the Marshall Islands, citing non compliance with tax rules

17 Feb 2023

Tax

International tax

Tax | Astra Zeneca blames 'discouraging' tax policy for move to Ireland

Pharma giant Astra Zeneca has pulled plans to build a UK factory due to ‘discouraging’ tax rates, choosing Ireland instead

10 Feb 2023

Tax | Q&A: tax sparing relief for bank interest on foreign savings account

Tax | Australian regulatory shake-up post PwC debacle

Tax | HMRC collects £70m in unpaid tax after profit shifting probe

Tax | £40bn of property owned by offshore tax haven firms

Tax | India hits online gaming industry with 28% tax

Tax | Global digital services tax plan delayed

Tax | Tax take hits £70.8bn in April

Tax | Tips on tax filing for US taxpayers living abroad

Tax | Labour criticises Rishi Sunak’s tax affairs

Tax | Tech companies can avoid digital services tax, warn MPs

Tax | US embassy expat backlog causes tax headache

Tax | Dutch banana exporter given Fair Tax Mark

Tax | UN plans tax rules to compete with OECD

Tax | Tullow Oil files arbitration request over £324m Ghana tax bill

Tax | British Virgin Islands flagged on EU tax haven list

Tax | Astra Zeneca blames 'discouraging' tax policy for move to Ireland

Technical Alerts

Direct Tax | Case alert: FTT concludes unilateral relief was available

Direct Tax | Case report: Limit on foreign tax credit did not breach free movement of capital

Direct Tax | PCT launches toolkit on tax treaty negotiations

Direct Tax | HMRC update UK–Germany double tax treaty information

Direct Tax | Case report: Transfer pricing rules applied to branch did not contravene free movement of capital or freedom of establishment

Direct Tax | Case alert: Transfer pricing rules applied to branch did not contravene free movement of capital requirements

Direct Tax | Case report: Court of Appeal upholds FTT decision that central management and control exercised in the UK

Direct Tax | Case alert: Court of Appeal upholds FTT decision that central management and control exercised in the UK

Direct Tax | HMRC update UK-Denmark double tax treaty information

Direct Tax | EC requires Italy to end tax exemptions for ports

Direct Tax | SI 2020/1383 – The Double Taxation Dispute Resolution (EU) (Revocation) (EU Exit) Regulations 2020

Direct Tax | Switzerland amends AEOI to include apartment owners

Direct Tax | HMRC update UK-Czech Republic double tax treaty information

Direct Tax | CFE’s EU Tax Top 5 – Round-up of EU Tax Policy News

Direct Tax | CFE Global Tax Top 10 September 2020

Direct Tax | CFE’s EU Tax Top 5 – Round-up of EU Tax Policy News