Deloitte has reported that HMRC has started to issue letters to companies affected by the approach it has decided to take on pre-2006 cross-border group relief claims in the light of the CJEU decision taken in February, asking them to consider withdrawing some of the claims they have made.
The European Commission’s VAT Expert Group (VEG) has adopted an opinion on the EU cross-border rulings (CBR).
The OECD has published a discussion draft on action 12 (mandatory disclosure rules) of the BEPS action plan for consultation. The discussion draft:
The EC has announced that its cross-border VAT rulings trial, which started with its first test case on 1 June 2013, has been extended to 30 September 2018.
The International Tax Enforcement (Macao) Order, SI 2015/801, will bring into effect the UK/Macao tax information exchange agreement, signed on 3 September 2014. The agreement has not yet entered into force.
The US Internal Revenue Service (IRS) has confirmed, in FAQs, that only direct reporting non-financial foreign entities (NFFEs) are required to submit nil reports for FATCA.
Draft amending regulations will prevent UK businesses taking into account supplies made by foreign branches in their VAT partial exemption calculations, irrespective of any special method agreed with HMRC, following the CJEU decision in Crédit Lyonnais.
The EC has published a report assessing how member states have applied the rules relating to the supply of telecommunications, broadcasting and electronic services and the mini one-stop shop (MOSS).
The Finance Bill rules on the diverted profits tax (DPT) incorporate changes made in response to the informal consultation on that topic.
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