NEWS

HMRC has published a policy paper setting out the reasonable steps that operators of frontier locations should take using the pre-lodgement model to control goods arriving into Great Britain from the EU. The model will come into force from 1 July...

HMRC has updated its guidance Bringing commercial goods into Great Britain in your baggage to add information on how businesses can make a simple online declaration when importing goods into Great Britain. The online declaration can be made in the...

Official HMRC tax receipts data shows that penalties from compliance work dropped significantly in 2020 as HMRC diverted resources to coronavirus support schemes. Receipts from penalties fell from £59m in January to a low of £21m in May, before...

Estonia has deposited its instrument of ratification for the BEPS Multilateral Instrument with the OECD, bringing to 61 the number of jurisdictions which have ratified, accepted or approved the Convention. The MLI will enter into force on 1 May 2021...

The 2020 Protocol to the 2010 Double Taxation Convention and the 2020 Joint Declaration were signed in London on 12 January 2021. The Protocol will enter into force when both countries have completed their legislative procedures and exchanged...

The US Trade Representative (USTR) has issued findings in its investigations of digital service taxes (DSTs) adopted by Austria, Spain, and the UK, concluding that each of the DSTs discriminates against US companies, is inconsistent with prevailing...

The Council of the EU has published a consolidated compromise proposal to introduce public country-by-country reporting (CBCR), which is being pushed by the Portugal after it assumed the presidency of the Council of the European Union on 1 January...

Following the publication of the detailed blueprints on BEPS 2.0 pillar one and pillar two in October 2020, the OECD held a public consultation meeting on 14 and 15 January 2021. The meeting focused on the key questions raised in the blueprints, as...

The European Commission has opened the feedback period for its proposed initiative to introduce a ‘digital levy’ to address the issue of fair taxation of the digital economy. The initiative proposes the introduction of an EU-wide digital tax but...

HMRC has confirmed that form SA700, which is used to file an income tax return for a non-resident company, must be signed with a physical signature. Tax year 2019/20 is the final tax year in which non-resident landlord (NRL) companies with a property...