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Financial Services Industry Value-Added Tax (VAT)

Holland & Knight LLP

Venezuela Update: September 17, 2024

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Holland & Knight's Venezuela Focus Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments in Venezuela that impact the interests of businesses across all industry sectors. ...more

Holland & Knight LLP

Venezuela Update: September 17, 2024 (Spanish)

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Holland & Knight's Venezuela Focus Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments in Venezuela that impact the interests of businesses across all industry sectors. ...more

Cadwalader, Wickersham & Taft LLP

Missing the Target

In Target Group Ltd v HMRC [2023] UKSC 35 (“Target”), the United Kingdom’s Supreme Court has held that the loan services which the taxpayer company provided to a bank were not exempt from VAT. ...more

Proskauer Rose LLP

The Edinburgh Reforms: post-Brexit financial (de)regulation

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On 9 December 2022, the United Kingdom’s Chancellor of the Exchequer announced an expansive set of reforms to the UK’s financial regulatory regime – labelled the “Edinburgh Reforms”. Following the UK’s exit from the...more

Dechert LLP

The Edinburgh Reforms

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On 9 December 2022, in Edinburgh, the Chancellor of the Exchequer announced a set of reforms that are intended to drive growth and competitiveness in the financial services sector (the Edinburgh Reforms or the Reforms). ...more

Cadwalader, Wickersham & Taft LLP

Edinburgh Reforms

The UK Government has announced wide ranging reforms to the UK financial services industry, including key tax reforms - On 9 December 2022, the UK Chancellor of the Exchequer, Jeremy Hunt, announced the “Edinburgh...more

Cadwalader, Wickersham & Taft LLP

On the Hunt for Financial Services (and Tax) Reforms

On 9 December 2022, the UK Chancellor of the Exchequer, Jeremy Hunt, announced the “Edinburgh Reforms” of UK financial services. These reforms propose over 30 regulatory reforms that are described as intending to “unlock...more

Hogan Lovells

UK: What’s in store for real estate and planning under a new Prime Minister?

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Following a hot summer of even more heated debates, Elizabeth Truss will visit Balmoral on Tuesday 6 September where the Queen will confirm her position as the new prime minister for the UK. Beyond the headline grabbing...more

Cadwalader, Wickersham & Taft LLP

The UK Funds Review Response: Steps Forward But a Key Opportunity Missed

On 10 February 2022, the UK government published its response to the input received from various stakeholders into the UK funds regime review. The response document summarises the responses received and, in acknowledging that...more

BCLP

Review of the UK Funds Regime: HM Treasury sets out conclusions and next steps to improve UK’s attractiveness for funds

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On 10 February 2022 HM Treasury published a response document (Response) to its January 2021 ‘call for input’ on a review of the UK funds regime. The review was necessarily wide-ranging, covering direct and indirect tax,...more

Hogan Lovells

VAT regime applicable to the assignment of NPLs

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Italian tax authorities address for the first time the VAT regime applicable to the assignment of NPLs. On the very last day of 2021 the Italian Revenue Agency issued a remarkable ruling (no. 79/E) on the VAT regime...more

Carlton Fields

Mexico Imposes Digital Services Tax on Online Activities

Carlton Fields on

Possible Future Risk for U.S. Financial Services Companies - Global digitalization spurred by rapid advances in digital technology is enabling virtual business operations at a frenetic pace, including by insurance and other...more

BCLP

Spring Budget 2020: overview from a funds perspective

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This briefing summarises the key announcements in the Spring Budget from a funds perspective: including the UK funds review, the SDLT surcharge for corporate and individual non-resident purchasers of UK residential property...more

Proskauer - Tax Talks

UK Budget 2020

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The UK Budget took place on 11 March. In its first post-Brexit Budget with substantial spending announcements, the Treasury wants to continue to ensure the UK remains an attractive and competitive place to invest and do...more

A&O Shearman

Blacklines Comparison of the New UK/EU Withdrawal Agreement Terms

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Yesterday, the EU and U.K. in principle agreed new terms for the withdrawal agreement giving effect to the U.K.’s exit from the European Union. These include a revised political declaration and protocol concerning Northern...more

Katten Muchin Rosenman LLP

Dollar Financial UK Ltd v HMRC: When Must a Financial Intermediary Charge VAT?

Executive Summary - The decision in Dollar Financial UK Ltd v HMRC [2016] UKFTT 598 will likely be of interest to a range of participants in the lending market, and the financial services sector more generally, because...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Insights: Brexit"

On June 23, the UK electorate took the historic decision to leave the European Union, a process that has never been undertaken by any member state. While the vote itself does not trigger the process of exit from a legal...more

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