The OECD has published a discussion draft on action 12 (mandatory disclosure rules) of the BEPS action plan for consultation. The discussion draft:
The Financial Times (6 April) reported that the EU is collecting evidence to decide whether to launch an investigation into unfair state aid in Portugal, Italy, Greece and Spain and whether these member states have illegally underwritten banks ‘that have bolstered their capital’ with def
The International Tax Compliance Regulations, SI 2015/878, set out due diligence and reporting obligations for UK financial institutions in relation to the Revised EU Directive on Administrative Cooperation (DAC), the Multilateral Competent Authority Agreement with non-EU jurisdictions to impleme
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.
Andrew Levene (BKL) answers a query on the tax issues surrounding a wealthy Hong Kong businessman's investment in UK property.
Martin Zetter (Macfarlanes) reviews the latest transfer pricing developments, including this month's OECD's public consultation on transfer pricing papers.
Chris Morgan (KPMG) provides a review of recent international tax developments that matter.
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.