The agreement builds on the two-pillar approach outlined by the OECD and aims to tackle the challenges arising from an increasingly globalized and digital economy.
Key Points:
..Under Pillar One, the largest and most...more
UK government unveils a raft of spending measures amid national and global uncertainty.
After a somewhat turbulent period that saw the cancellation of the Autumn 2019 Budget due to lingering Brexit uncertainty, the...more
HMRC confirms that cryptoassets are not considered to be money or currency for tax purposes.
On 1 November 2019, HM Revenue & Customs (HMRC) issued a policy paper on the taxation of cryptoassets for businesses and...more
11/19/2019
/ Bitcoin ,
Blockchain ,
Corporate Taxes ,
Cryptoassets ,
HMRC ,
Income Taxes ,
Initial Coin Offering (ICOs) ,
Policy Statement ,
Securities Tokens ,
Stamp Taxes ,
UK ,
Utility Tokens ,
Value-Added Tax (VAT)
The UK government broadens the scope of tax on non-resident persons and contemplates changes to stamp duty, taxing the digital economy, and Brexit-related changes.
In recent years the pace of change in the corporate tax...more
Tax has, in recent months, become a frontpage issue with reaction to businesses not “paying their fair share” sitting alongside pressure on government finances and an uncertain political environment. In our view, the...more
As the European Commission reviews whether tax arrangements conform with State aid rules, companies active in Europe should ensure their fiscal regimes comply with EU law.
In recent years, the European Commission (the...more
This year’s Autumn Statement proved to be rather quiet on the corporate tax front, contrasting with the recent OECD/BEPS led activity in the international arena. Perhaps this was in part due to the relatively recent Summer...more