News Archive

UK To Offer Expanded Annual Investment Allowance Until 2022

The UK Government has announced that the temporary GBP1m (USD1.31m) cap for the Annual Investment Allowance (AIA) will be extended until January 1, 2022

UK Releases Construction VAT Reverse Charge Guidance

On September 24, 2020, HM Revenue and Customs released in-depth guidance on the introduction of the VAT reverse charge mechanism on the supply of building or construction services

UK To Collect Interest On Overdue Digital Services Tax

The UK Government on September 16, 2020, tabled The Taxes (Interest Rate) (Amendment No. 2) Regulations 2020, which will enable HM Revenue and Customs to collect or pay interest on overpaid or underpaid digital services tax liabilities

UK, Austria Sign Deal On Granting Tax Treaty Benefits

HM Revenue and Customs has announced that it is has agreed changes with authorities in Austria regarding how the two authorities will deal with requests for relief under the two countries' tax treaty

EU To Amend VAT Rules For Trade With Northern Ireland

The European Commission has proposed changes to the EU's VAT rules in respect of Northern Ireland, in preparation for the end of the Brexit transition period with the UK

Tax affairs of 246 professional footballers investigated by HMRC

Football is facing extra scrutiny over imaging rights amid concern younger players are not receiving all the tax advice they need

UK Considering New Online Sales Tax

Alongside a review into the reform of the business rates system (commercial property tax) in the UK, the Government is looking at possible taxes that could replace or supplement the regime, including a new tax on online sales

Package for fair and simple taxation

It is more important than ever for Member States to have secure tax revenues, so they can invest in the people and businesses who need it most.

Start-ups brauchen im Schnitt 3,3 Mio. Euro

Die große Mehrheit der Start-ups in Deutschland benötigt in den kommenden zwei Jahren frisches Geld. Gerade einmal 2 Prozent geben an, dass sie keinen Kapitalbedarf haben, 7 von 10 (71 Prozent) benötigen dagegen neue Mittel, rund jedes Vierte will dazu keine Angaben machen.

HMRC reports £31bn in unpaid tax

It blames evaders, but businesses and individuals responsible for most of the missing cash

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