The EC has published proposals to standardise VAT returns across all EU Member States. Under the draft legislation, any business with an annual turnover of more than €2m will be required to submit and pay their VAT returns on a monthly basis.
A range of international agreements and cross-border developments have increased tax authorities’ powers to exchange information and give mutual assistance to collect tax debts. Liesl Fichardt and Catherine Francis explain
The monthly review by Chris Morgan examines two important developments relating to country-by-country reporting, as well as the draft Finance Bill in France and its proposals, further publications on the Indian GAAR, corporate income tax changes in Slovenia and the tax reform proposals in Mexico
The EC has opened an in-depth state aid investigation into the new Gibraltar corporate tax regime introduced by the Income Tax Act (ITA) 2010. It is based on the territorial principle; all activities deriving from or accrued in Gibraltar are taxed.
A high-level expert group will start work before the end of this year to guide the EU’s approach to taxing the digital economy in a way which allows the sector to develop to its full potential, wh
Nick McChesney answers a query on VAT registration for a UK online business marketing stays in overseas serviced apartments.
Martin Zetter on the latest transfer pricing news, with the OECD consultation on country-by-country reporting, plus transfer pricing updates from India, Norway, Costa Rica and Indonesia.
The OECD has published a memorandum on the development of a country-by-country reporting template as part of the BEPS action plan.
In July, the OECD published a revised discussion draft on the transfer pricing of intangibles. Deborah Green considers the practical implications for multinational groups with valuable intellectual property.
From Peter Vaines, Squire Sanders, writing in UK Tax Bulletin, September 2013