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United Kingdom News - Business, Taxation & Offshore


G7 Committed To Digital Tax Consensus

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 14, 2018

G7 countries are committed to working towards a consensus-based solution to the tax challenges of the digital economy, according to the final communique issued at the conclusion of the G7's summit in Charlevoix, Canada.Read Full Story


TCJA Encourages Firms To Shift Profits Offshore, Says ITEP

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 12, 2018

Aspects of the tax reform legislation in the United States continue to provide an incentive for companies to shift profits offshore by providing more favorable tax treatment to foreign income than domestic profits, the Institute on Taxation and Economic Policy has said.Read Full Story


Just Three Signatories For HMRC's Digital Marketplace VAT Pact

by Jason Gorringe, Tax-News.com, London

Tuesday, June 5, 2018

The UK tax agency, HM Revenue and Customs, has disclosed that just three online marketplaces have so far signed up to its voluntary agreement on supporting VAT compliance: Amazon, eBay, and Fruugo.Read Full Story


UK Mulling Extending Recent IR35 Reforms To Private Sector

by Jason Gorringe, Tax-News.com, London

Tuesday, May 22, 2018

On May 18, 2018, the UK Government launched a consultation on enhancing rules surrounding "off-payroll" working (the IR35 rules), to ensure that contractors who work through their own company pay the right tax.Read Full Story


Think Tank Argues Against UK 'Robot Tax'

by Jason Gorringe, Tax-News.com, London

Tuesday, May 29, 2018

In a new report, the Institute of Economic Affairs in the UK has argued against the need for the UK to introduce a so-called "robot tax," on profits from automation.Read Full Story


UK Criticized For Overzealous Offshore Tax Enforcement Plans

by Jason Gorringe, Tax-News.com, London

Thursday, May 17, 2018

The Chartered Institute of Taxation has criticized a new UK government proposal to extend significantly the tax assessment time limits in cases involving offshore tax matters.Read Full Story


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