European Commission president, Jean-Claude Juncker, gave new impetus to his call for a move towards allowing qualified majority voting on certain tax matters in his annual ‘state of the union’ address to the EU Parliament on 12 September.
HMRC has updated its short guide, ‘Restriction on corporation tax relief for interest deductions’, with more information for companies and groups which deduct more than £2m a year in interest and other financing costs, on calculating their ‘...
The number of businesses that say they are ‘very confident’ of meeting the making tax digital (MTD) deadline has only marginally increased (from 4% to 6%) in the last three months, according to a survey carried out by EY.
The Taxation (Cross-border Trade) Act 2018 received Royal Assent on 13 September. The Act allows the government to create a standalone customs regime when the UK leaves the EU and provides for amendment of existing VAT and excise legislation.
The European Commission has found that the non-taxation of certain McDonald's profits in Luxembourg did not lead to illegal state aid, as it is in line with national tax laws and the Luxembourg/United States double taxation treaty.
The House of Lords Economic affairs Finance Bill sub-committee invites written contributions by 1 October 2018 for its inquiry on the draft Finance Bill 2019, including HMRC’s progress on making tax digital (MTD).