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UK firms are responsible for an increasing proportion of the tax HM Revenue and Customs (HMRC) suspects of being underpaid by big businesses, according to the latest figures. 01 Jun 2018
ANALYSIS: The definition of what is a 'fixed establishment' for UK tax purposes is being gradually extended, with an assumption that consumer location equates to a right to tax, something we saw in a recent case involving insurance company Hastings. 31 May 2018
A person or company can penalised if they 'enable' offshore UK tax evasion or non-compliance by others. Policies and procedures designed to prevent companies from committing the corporate criminal offences of failing to prevent the facilitation of tax evasion...
A new UK corporate interest tax deduction restriction applies from 1 April 2017. The new restriction increases the compliance burden, with highly geared groups significantly affected.
From 30 September 2017 it is a criminal offence in the UK if a business fails to prevent its employees or any person associated with it from facilitating tax evasion under the Criminal Finances Act 2017. Businesses need to take action to minimise their risk...
The code of practice on taxation for banks (the code) was introduced in 2009 and applies to banks and building societies. It is designed to change the attitudes and behaviours of banks towards tax avoidance. It encourages banks operating in the UK to adopt...
Large companies and partnerships need to publish their tax strategy online before the end of their first financial year beginning after 15 September 2016.
Companies that incur expenditure on research and development (R&D) may be able to claim enhanced UK corporation tax relief. Small or medium sized enterprises (SMEs) may be able to obtain an enhanced 230% deduction or, if loss making, a payable tax credit. ...
The UK's former manufactured overseas dividend (MOD) withholding tax regime was a restriction on the free movement of capital and an EU law breach that could not be justified, the Upper Tribunal has decided in a test case concerning the trustee of the British... 21 May 2018
A legal challenge to the Comptroller of Income Tax's decision to share information about certain taxpayers with the Korean tax authorities in response to an exchange of information (EOI) request has been dismissed by the Court of Appeal in Singapore. 16 May 2018
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Over the last few years the pressure to increase tax revenues has led to continued complex changes to tax legislation, coupled with a more aggressive approach to tax planning from HMRC. Our team of lawyers, accountants and former HMRC officers gives us a broad perspective and enables us to guide you through the maze of complex rules to help you achieve your business objectives.
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