International tax

Tax / Spain to introduce digital services tax

Spain is set to introduce a digital services tax (DST) which would be levied at 3% on the digital revenues of large tech companies, along with a financial services transactions tax, which together are expected to raise around €2bn (£1.76bn) a year

Tax / MTD: examples from around the world

There are just over 70 days until Making Tax Digital (MTD) goes live in the UK. James Bunney looks at several other countries where digital reporting has been introduced in recent years

Tax / UK agreement with Israel cuts dividend tax

The UK has signed a new Israel tax agreement to update the double taxation convention (DTC) with the country, offering reduced dividend tax rates for inward investors

Tax / Making Tax Digital: where are we now?

Making Tax Digital (MTD) for VAT, which goes live in April 2019, has left accountants confused and businesses struggling to keep up. James Bunney examines the current situation and what MTD means for the future of business tax

Tax / Commission proposes majority rule on EU tax votes

The European Commission has launched a debate to change the way that tax law is passed within the EU, suggesting abandoning the unanimous vote needed and relying instead on a majority in order to speed up the progress of tax legislation

Tax / £200m extra VAT recovered from online sellers

HMRC has collected over £200m in unpaid VAT from overseas sellers using online marketplaces in the past two years, since the introduction of a new regime to tackle tax avoidance which enables it to flag up those who are not registered for VAT

Tax / EU probes Nike over Dutch tax arrangements

Nike is the latest multinational to find its tax affairs under scrutiny from Brussels, with the European Commission launching an investigation into whether five Dutch tax rulings in favour of Nike may have given the US trainer behemoth an unfair advantage

Tax / Case: UK given unilateral right to revoke Article 50 notice

Tax / Doubts grow over IRS refunds during shutdown

Despite assurances from the US government, there is growing concern that billions of dollars in tax refunds from the Internal Revenue Service (IRS) will be delayed until the shutdown ends, potentially causing hardship for thousands of US taxpayers

Tax / Japan charges departure tax on international visitors

This week sees the launch of an international tourist tax in Japan, requiring visitors to pay a 1,000 yen (£7.20) levy when leaving the country by plane or ship, which is expected to raise 50bn yen in 2019

Tax / Ireland’s realtime PAYE system 51% tax shock

The introduction of a realtime PAYE reporting system in Ireland risks leaving around 120,000 people with substantial underpayments in its first month of operation, ACCA is warning

Tax / US government shutdown freezes IRS services

Taxpayers face delays and the Internal Revenue Service (IRS) has suspended all non-essential work as the US government shutdown over a political funding dispute overlaps with the beginning of the tax filing season

Tax / Qatar introduces 100% tax on alcohol ahead of 2022 World Cup

Alcohol prices have soared in Qatar after the country introduced a 100% sin tax as part of its levy on ‘health-damaging’ goods, with a price of a 24-pack of beer rising to £82 three years ahead of the World Cup

Tax / OECD flags lack of tax transparency across 'sizeable' number of jurisdictions

Efforts to improve tax transparency on information exchange on tax rulings is still failing to meet the standards set by the OECD as part of the Base Erosion & Profit Shifting (BEPS) project Action 5

Tax / Finance Bill delayed until 2019

Political divisions and extensive debate of the government’s Brexit deal mean that Finance Bill 2018-19 (FB 2018-19) failed to pass beyond the committee stage before the parliamentary Christmas recess and will remain without royal assent until the new year