contractors News

UK Releases Construction VAT Reverse Charge Guidance
by Jason Gorringe, Tax-News.com, London
Monday, October 5, 2020
On September 24, 2020, HM Revenue and Customs released in-depth guidance on the introduction of the VAT reverse charge mechanism on the supply of building or construction services. Read Full Story

Ireland Announces Help For SMEs With Cash-Flow Issues
by Jason Gorringe, Tax-News.com, London
Tuesday, March 17, 2020
The Irish Revenue has issued advice on the steps it is taking to help SMEs experiencing cashflow and trading difficulties arising from the impact of the coronavirus. Read Full Story

Netherlands To Probe Employment Status Tax Abuse
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, March 3, 2020
The Dutch Tax and Customs Administration has launched a campaign to monitor the employment status of individuals working in the care and construction sectors. Read Full Story

HMRC Schedules Webinars On New Construction Services Reverse Charge
by Jason Gorringe, Tax-News.com, London
Thursday, August 29, 2019
The UK tax agency has announced that it has scheduled two new webinars to support the construction industry to come to terms with the new VAT reverse charge being introduced on building and construction services from October 1. Read Full Story

New Zealand Rules Out Capital Gains Tax
by Mary Swire, Tax-News.com, Hong Kong
Monday, April 29, 2019
New Zealand's Prime Minister, Jacinda Ardern, has announced that the Government intends to not adopt the Tax Working Group's recommendation on creating a broad capital gains tax. 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

IRS Warns Taxpayers On Virtual Currency Tax Compliance
by Mike Godfrey, Tax-News.com, Washington
Monday, March 26, 2018
The US Internal Revenue Service on March 23 warned taxpayers that they must report income from virtual currency transactions in their income tax returns. Read Full Story

Australia Legislates To Target 'Black Economy'
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, February 7, 2018
The Australian Government has introduced legislation to crack down on the use of electronic sales suppression tools and to extend the Taxable Payments Reporting System. Read Full Story

American Firms In Kosovo Laud New Tax Perks
by Mike Godfrey, Tax-News.com, Washington
Tuesday, January 9, 2018
The American Chamber of Commerce in Kosovo (AmCham Kosovo) has praised Kosovo for suspending customs duties and excise taxes on certain inputs for local manufacturers. Read Full Story

Seychelles Overhauls Tax Settings In Recent 2018 Budget
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, November 21, 2017
The Seychelles Budget included numerous proposals to change the territory's tax settings, including new corporate tax reliefs and the settings for a progressive personal income tax regime. Read Full Story
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