It is full steam ahead for implementation of the global minimum tax in the UK and the EU although a number of practical implications and technical details are still being discussed at the OECD/IF level. The Upper Tribunal in HBOS and Lloyds Banking Group decides that the taxpayers can claim interest from the date they would have made VAT repayment claims if the UK’s bad debt relief legislation had been compliant with its EU obligations. HMRC publishes guidance (written and compiled jointly with the ABI) for insurers seeking approval for a partial exemption special method.
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It is full steam ahead for implementation of the global minimum tax in the UK and the EU although a number of practical implications and technical details are still being discussed at the OECD/IF level. The Upper Tribunal in HBOS and Lloyds Banking Group decides that the taxpayers can claim interest from the date they would have made VAT repayment claims if the UK’s bad debt relief legislation had been compliant with its EU obligations. HMRC publishes guidance (written and compiled jointly with the ABI) for insurers seeking approval for a partial exemption special method.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
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