UK Must Leave EU VAT Area, UK's Lower House Votes

by Ulrika Lomas, Tax-News.com, Brussels

Monday, July 23, 2018

Upon leaving the European Union, the UK should not be included in the EU VAT area and adopt its own specific VAT regime, UK lawmakers agreed on July 16, 2018, in a move that may derail the Government's efforts to agree a Brexit transition period to cushion the impact of Brexit on firms.Read Full Story

UK Legislates To Adopt New EU VAT Rules For Vouchers

by Jason Gorringe, Tax-News.com, London

Friday, July 6, 2018

On July 6, 2018, the UK Government issued draft legislation that would transpose new EU value-added tax rules on vouchers into UK law, along with an explanatory memorandum of the changes.Read Full Story

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

• 22/05/2018 Think Tank Argues Against UK 'Robot Tax' »
• 17/05/2018 UK Criticized For Overzealous Offshore Tax Enforcement Plans »
• 10/05/2018 Swiss Tax Agency Exchanges Information On Advance Tax Rulings »
• 10/05/2018 Barbados Rejects UK Push For Public Beneficial Ownership Register »
• 03/05/2018 UK Updates Missing Trader VAT Fraud Guidance For Traders »
• 02/05/2018 UK Launches Review To Simplify Inheritance Tax Rules »
• 23/04/2018 HMRC Notes Tax Administration Automation Milestone »
• 20/04/2018 Think Tank Calls For Scottish VAT Devolution »
• 20/04/2018 Switzerland Adopts Dispatch On New DTAs »
• 19/04/2018 UK Revisits Proposed BEPS Changes To Its Double Tax Treaties »
• 13/04/2018 HMRC To Add To Arsenal Against Diverted Profits »
• 13/04/2018 UK Guides Firms On How To Register For Soft Drinks Tax »
• 13/04/2018 Global Tax, Trade Policies Could Dent Ireland's Growth Potential »
• 12/04/2018 Significant Changes To UK Tax Regime As Of April 6 »
• 11/04/2018 UK Consults On Reform Of Gaming Duty Compliance Rules »
• 11/04/2018 Scottish Taxpayers 'Grappling With Complexity Following Tax Devolution': CIOT »
• 05/04/2018 Luxembourg Vulnerable To International Tax Developments, Says IMF »
• 03/04/2018 UK Launches VAT Due Diligence Scheme For Fulfillment Firms »
• 03/04/2018 Wales Begins Collected Devolved Taxes »
• 28/03/2018 Scotland Urged To Simplify Proposals For First-Time Buyers' Tax Relief »
• 27/03/2018 EU Council Ready To Negotiate UK FTA »
• 23/03/2018 HMRC Changes Position On VAT On Cost-Sharing Groups »
• 23/03/2018 UK Finalizing Regime For Making Tax Digital For VAT »
• 21/03/2018 UK's Proposed Digital Tax 'Would Cauterize Investment' »

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