NEWS

The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) (No 2) Regulations, SI 2020/1614 set out the rates of landfill disposals tax in Wales for taxable disposals made on or after 1 April 2021, as follows:standard rate: 96.70 per...

HMRC has published new guidance for businesses Repaying your business rates relief which opt to make repayments of business rates relief received in 202021. The guidance confirms the Governments intention to legislate to ensure that...

The CIOT has published a detailed response to the OECDs pillar one and pillar two blueprints on taxation of the digital economy. The CIOT welcomes the continued work by the OECD/G20 and the progress made towards developing a solution to the...

The OECD has published new guidance for tax administrations and businesses on the application of transfer pricing rules during the coronavirus pandemic. In a client briefing, DLA Piper observed the following points from the new guidance:Legal...

The OECD has produced a report on the state of implementation of the agreed approach to hard-to-value intangibles (HTVI) by members of the inclusive Framework on BEPS to provide tax administrations and taxpayers with a better...

The Inclusive Framework on BEPS has reviewed the progress made by 124 jurisdictions in spontaneously exchanging information on tax rulings, in accordance with the BEPS Action 5 minimum standard. The conclusions show that transparency on tax rulings...

The CIOT has responded to HMRCs review of double tax treaties, noting the following key points:additional guidance in respect of the multilateral instruments new articles from the UKs treaty partners would be useful;following...

On 29 December 2020, the Council of the European Union adopted a Decision on the signing and provisional application of the EU/UK Trade and Cooperation Agreement (TCA) and EU/UK Agreement on Security Procedures for Exchanging and Protecting...

The European Union (Future Relationship) Act 2020 conveys powers on UK government ministers and devolved authorities to make regulations to implement the EU/UK Trade and Cooperation Agreement (TCA) and other associated agreements into UK law. In...

The Budget will take place on Wednesday 3 March 2021. According to the Treasury, the Budget will set out the next phase of the plan to tackle the virus and protect jobs and will be published alongside the latest forecasts from the Office for...