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Insurance News

Amid Gig Economy Tax Debate, Deliveroo Wins Key Ruling

by Jason Gorringe,, London

Friday, November 17, 2017

Following a damning ruling against gig economy ride-hailing service Uber, which provided that its drivers are entitled to rights typically reserved for employees, Deliveroo has successfully argued that its gig economy delivery drivers, of takeaway food, are self-employed. Read Full Story


HMRC Delays VAT Change On Pension Fund Management Services

by Jason Gorringe,, London

Friday, November 17, 2017

The UK tax authority is to delay changes to the VAT rules for pension fund management services and amend its recent guidance. Read Full Story


Senate Republicans Attach Obamacare Tax Repeal To Tax Package

Mike Godfrey,, Washington

Wednesday, November 15, 2017

An amendment has been included in the US Senate's tax reform proposals that will effectively repeal the Affordable Care Act's individual mandate. Read Full Story


Tax Fallout From Uber's Lost Appeal On Employment Rights

by Jason Gorringe,, London

Monday, November 13, 2017

Per the findings of a London-based Tribunal, Uber, and other gig economy companies like it, may face footing taxes normally borne by traditional employers on behalf of those making a living by offering services to users through its app. Read Full Story


UK's Small Firms Seek Helping Hand In Next Budget

by Jason Gorringe,, London

Monday, November 13, 2017

Noting the substantial contribution to the UK economy that small businesses make, the Federation of Small Businesses has urged the UK to not go on a tax grab at the next Budget – the last before Brexit now that the UK has newly moved to a single Budget event each year. Read Full Story


US House Ways And Means Adopts Tax Reform Law

by Mike Godfrey,, Washington

Friday, November 10, 2017

The House Ways and Means Committee has passed the Tax Cuts and Jobs Act after a final markup, including in it a lower tax rate for pass-through income introduced as part of a second package of amendments. Read Full Story


Saudi Arabia Clarifies VAT Rates, Including On Financial Services

by Lorys Charalambous,, Cyprus

Thursday, November 9, 2017

Ahead of the introduction of value-added tax on January 1, 2018, Saudi Arabia's tax authority has provided guidance on the financial services value-added tax exemption and the general rules on value-added tax rates. Read Full Story


UK Taxpayer Group Welcomes National Insurance Decision

by Jason Gorringe,, London

Monday, November 6, 2017

The announcement from the UK Government that it will delay repealing Class 2 national insurance contributions (social security tax) has been welcomed by the Low Incomes Tax Reform Group. Read Full Story


Australia To Extend Venture Capital Tax Breaks To FinTech

by Mary Swire,, Hong Kong

Tuesday, October 31, 2017

The Australian Government is consulting on draft legislation to enhance tax breaks for angel and venture capital investors. Read Full Story


Latvia's Solidarity Tax Found Unconstitutional

by Ulrika Lomas,, Brussels

Tuesday, October 31, 2017

Latvia's Constitutional Court has ruled that the country's solidarity tax breaches the principle of equality before the law and must be removed. Read Full Story



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