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United Kingdom

Asia-Pacific

Dyson to move its headquarters from UK to Singapore, claims tax reduction will be “negligible”: Michael Pooler & Jim Pickard / Financial Times→

January 22, 2019
Digital Economy

UK seeks feedback on design of new digital services tax

November 8, 2018

The UK today launched a consultation seeking feedback on the design of its . .

Americas

UK reverses support for EU interim digital tax fearing US retaliation, sources say: Bjarke Smith-Meyer / Politico→

April 29, 2018
Europe

Updated UK-Guernsey tax treaty enters into force

January 22, 2019

A new comprehensive tax treaty and protocol signed by the UK and Guernsey has entered into force, the UK . . .

Algeria

Goldman Sachs and Cargill lose UK tax avoidance case involving Jersey company structure: Sophie Perryer / European CEO→

October 25, 2018
Europe

UK votes to remain outside EU VAT system after Brexit: Avalara VATLive→

July 18, 2018
No Picture
Americas

EU tax on tech firm revenue does not target US companies, Moscovici asserts

April 20, 2018

The EU’s proposed digital services tax is not aimed US tech companies; rather, the interim tax is designed to level the playing field for all businesses wherever located, Pierre Moscovici, EU Commissioner . . .

Europe

UK’s HMRC large business investigations yielded highest tax take ever last year: Out-law.com→ 

May 9, 2018
Europe

UK government seeks help drafting law to close “profit fragmentation” tax loophole

April 10, 2018

The UK government today opened a consultation on a proposal, announced in Autumn Budget 2017, to shut down tax avoidance schemes involving UK traders and professionals using a device called “profit fragmentation.” The government . . .

Europe

New rules require businesses with large UK operations to publish tax strategy on internet

October 6, 2016

Sandy Bhogal and Kitty Swanson, of Mayer Brown, London, discuss the details of new UK rules that require large businesses to publish a tax strategy on the internet, noting several concerns with the provision . . .

Asia-Pacific

UK and Australia’s different PE profit attribution approach yields double taxation and nontaxation: Celeste Black / SSRN→

June 28, 2017
Europe

UK updates GAAR guidance: HM Revenue & Customs→

April 7, 2017
No Picture
Europe

EU Commission publishes decision to extend Gibraltar state aid probe to tax rulings

October 6, 2016

The European Commission has published a non confidential version of its decision to open an investigation into whether Gibraltar’s tax ruling practice violates . . . 

Europe

First look: UK guidance aims to help MNEs come into compliance with transfer pricing laws

January 10, 2019

The UK’s HM Revenue and Customs today issued a “Profit Diversion Compliance Facility” offering multinationals the opportunity to . . .

Europe

Catherine Harlow is new head of transfer pricing at AstraZeneca

September 26, 2017

Catherine Harlow is AstraZeneca’s new head of transfer pricing, taking on her new role earlier this month. Harlow, a frequent speaker at TP Minds and other transfer pricing . . .

Europe

UK tax authority details diverted profits tax, transfer pricing, patent box stats

September 16, 2017

UK tax authorities have released information on the diverted profits tax, transfer pricing program, and patent box. According to . . .

Asia-Pacific

Singapore and UK tax authorities agree to automatic exchange of financial account information

September 20, 2016

The Inland Revenue Authority of Singapore has announced that Singapore and the United Kingdom have signed a competent authority agreement establishing . . .

Germany

OECD releases 28 comments to draft on tax treaty residence of pension funds

April 6, 2016

The OECD on April 6 released public comments to a discussion draft intended to clarify the tax treaty residence of pension funds. The discussion draft, part of follow-up work . . .

Asia-Pacific

Multilateral tax treaty enters into force in Singapore affecting 14 bilateral treaties

April 1, 2019

The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) entered . . .

Europe

Britain wont lower corporate rate to 15% say sources quoting Hammond: Bloomberg→

September 13, 2016

See: Bloomberg.

Americas

Russia weighs sanctions against UK for permitting tax evasion through Cayman Islands and BVI: Kenneth Rijock / Caribbean News Now→

March 30, 2016

See: Caribbean News Now.

Europe

The new UK “Profit Diversion Compliance Facility”: what MNEs need to know

January 13, 2019

Liz Hughes of Grant Thornton UK LLP discusses the UK’s new “Profit Diversion Compliance Facility,” issued on 10 January, which is designed to encourage groups with arrangements that might fall within the scope of the diverted profits tax to amend their transfer pricing policies . . .

No Picture
Europe

Ted Keen to lead Duff & Phelps’s European transfer pricing practice

June 26, 2018

Duff & Phelps has announced that Ted Keen has joined the firm to head its European transfer pricing practice. Keen will be based in London and . . .

No Picture
Europe

Some EU ministers skeptical of tax on digital firms: Joe Kirwin / Bloomberg BNA→

September 19, 2017
Europe

Cooper Companies challenging GBP 31 million (USD 42 million) UK diverted profits tax bill: Benjamin Stupples / Bloomberg BNA→

January 12, 2018
Europe

UK tax authorities accuse Amazon, eBay of allowing foreign companies to evade UK VAT: Ali Qassim / BNA→

September 14, 2017
Europe

EU’s partial invalidation of UK CFC rules for state aid violations could cost Diageo £278m (USD 362m): Ron Emler / The Drinks Business→

April 9, 2019
Europe

UK government stakes out new position on taxation of digital economy

March 13, 2018

Heather Self of Blick Rothenberg, London, provides an analysis of the UK’s updated position paper on the corporate tax and the digital economy, released today as a part of Chancellor Philip Hammond’s Spring Statement . . .

Europe

New UK law allows government to introduce public country-by-country reporting by multinationals

September 6, 2016

UK tax professional, Tim Law, discusses the implications of a law passed yesterday that gives the government power to require public country-by-country reporting by multinationals . . . 

Europe

Spain, Britian sign Gilbraltar tax treaty: Aaj News→

March 7, 2019
Europe

Diageo pays UK £199 million (USD 250 million) in transfer pricing settlement to avoid DPT: Ben Stupples / Bloomberg Tax→

July 30, 2018
Europe

UK publishes final MLI reservations and notifications

July 17, 2018

The UK has published its final list of reservations and notifications to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base . . .

Europe

UK to publish draft tax legislation

June 18, 2018

The UK government will publish draft tax changes for its next finance bill on . . .

Europe

UK budget 2017 tax proposals tweak rules on interest deductibility, loss relief, hybrid mismatches

March 8, 2017

Julian Feiner of Dentons, London, discusses the tax proposals in the UK budget, delivered today, which include proposed revisions to interest deductibility, loss relief, and hybrid mismatch rules . . .

Europe

Netherlands will oppose UK-EU trade deal unless tax avoidance addressed: Daniel Boffey / The Guardian→

January 14, 2017

See: The Guardian.

Featured News

UK agrees to terminate Swiss withholding tax arrangement

November 15, 2016

Switzerland and the UK will terminate their 2013 withholding tax agreement as of January 1, 2017, under a deal struck . . . 

Europe

UK financial regulator considers prohibiting accounting firms that do audit work from consulting: Madison Marriage / Financial Times→

March 27, 2018
Europe

International tax lawyer Alex Tostevin joins Dentons’ London office

July 3, 2017

Dentons on July 3 announced that Alex Tostevin has joined the firm’s London office as a partner in London. Tostevin advises UK and international clients on all areas of tax. His clients include sovereign wealth funds, private . . .

Europe

UK consults on use of corporate tax losses: EY→

May 31, 2016

See: EY.

Posts navigation

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What’s Next

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RECENT COMMENTS
  • Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024
  • Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024
  • David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023
  • Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023
  • Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

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Latest

  • Policy Paper: Transfer pricing documentation
    July 26, 2022
  • Indonesia Taxes Crypto Asset Transactions
    July 12, 2022
  • New CbC Reporting Requirements to Apply in Kenya
    July 7, 2022
  • The Colombian National Tax and Customs Administration (DIAN) modified 2021’s Resolution 164 related to the Ultimate Beneficial Owner´s Report (RUB).
    July 5, 2022
  • Frustrated with Congress, Intel delays chips groundbreaking ceremony
    June 28, 2022
  • Finnish Tax Administration to Publish Guidance on Reverse Hybrid Legislation
    June 28, 2022
  • The Evolution of Transfer Pricing in Saudi Arabia
    June 23, 2022
  • The Functional Analysis—What You Need to Know
    June 22, 2022
  • How International Organizations are Changing Transfer Pricing Compliance
    June 22, 2022
  • UK delays Pillar 2 of global tax rules to December
    June 22, 2022
  • The OECD’s Tax Transparency in Africa 2022: Africa Initiative Progress Report
    June 22, 2022
  • Mutual Agreement Procedures (MAP) and Tax Treaties benefit grant General Rules under public consultation in Dominican Republic
    June 21, 2022

Recent Comments

  • Khaled Al Zaabi on Spanish government proposes digital services tax: “We are seeking assistance with Digital Assets and International Tax Consulting to help Abu Dhabi UAE Oil Company navigate the…” October 24 ,2024
  • Emma Hinson Sims on The Pillar One blueprint — the potential future of international taxation and transfer pricing: “HAPPY BIRTHDAY TO A VERY SMART, BEAUTIFUL, YOUNG LADY ON JANUARY 13TH.” January 6 ,2024
  • David Valdez on US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure: “Greetings Whirlpool Mexico, I’m trying to contact someone involved with the decision making for transportation from all of your Mexican…” October 20 ,2023
  • Jose Dominguez on The new US international tax rules: what you need to know about GILTI, FDII, BEAT etc.: “Very informative article. Question. Do you have a software to compute these US International Calcs to make them in house?” April 12 ,2023
  • Ciro César Soriano de Oliveira on Danish High Court rules on beneficial ownership of dividends for tax purposes: “Dear Ms Susi, This article is immensely clarifying. I’d like to know whether Danish Supreme Court has already granted its…” March 24 ,2023

R&D Tax Credit News

  • Muddled goals, broad scope lead to unexpected costs of OECD tax agreement
    April 20, 2022
  • US House of Representatives Ways and Means Committee Republicans reintroduce R&D-related legislation: Committee on Ways and Means→
    April 20, 2022
  • Irish Department of Finance seeks public comments by May 30 on research & development (R&D) tax credit and the `Knowledge Development Box,’ an OECD-compliant intellectual property regime, which provides relief from corporation tax on income arising from qualifying assets, such as computer programs and inventions protected by a qualifying patent: Irish Ministry of Finance→
    April 18, 2022
  • What does the Marijuana Opportunity Reinvestment and Expungement Act mean for the R&D tax credit?
    April 7, 2022
  • South Africa’s R&D Catch-22: Lydia Clowney / CrossBorder Solutions→
    April 6, 2022

Accounting & Reporting News

  • Calls are increasing for company disclosures on tax to help build public trust and fit in with environmental, social and governance (ESG) agenda: Aidan Lucey / The Irish Times→
    April 20, 2022
  • Will Amazon’s investors make the rules on tax transparency more clear?: CrossBorder Solutions→
    April 13, 2022
  • US Senate Finance Committee Chair Ron Wyden requests pharmaceutical company Merck explain its tax accounting practices, as it reports just 14% of pretax income in the US despite US market being home to 46% of global sales: Ron Weyden / US Senate Committee on Finance→
    April 5, 2022
  • UK Supreme Court holds on the tax deductibility of employee share options required under IFRS 2
    March 29, 2022
  • Annual vs. quarterly provision: Howard Telson / CrossBorder Solutions→
    March 23, 2022

Transfer Pricing News

  • New CbC Reporting Requirements to Apply in Kenya
    July 7, 2022
  • The Evolution of Transfer Pricing in Saudi Arabia
    June 23, 2022
  • The Functional Analysis—What You Need to Know
    June 22, 2022
  • How International Organizations are Changing Transfer Pricing Compliance
    June 22, 2022
  • The OECD’s Tax Transparency in Africa 2022: Africa Initiative Progress Report
    June 22, 2022

US tax focus

  • Policy Paper: Transfer pricing documentation
    July 26, 2022
  • Indonesia Taxes Crypto Asset Transactions
    July 12, 2022
  • New CbC Reporting Requirements to Apply in Kenya
    July 7, 2022
  • The Colombian National Tax and Customs Administration (DIAN) modified 2021’s Resolution 164 related to the Ultimate Beneficial Owner´s Report (RUB).
    July 5, 2022
  • Frustrated with Congress, Intel delays chips groundbreaking ceremony
    June 28, 2022

Trending Now

  • OECD officials note disagreement over digital tax update, reveal plans for tax and transfer pricing guidance by Julie Martin | posted on May 4, 2020
  • US Tax Court resolves Whirlpool tax dispute involving Mexican maquiladora structure by Elisa Kaminsky | posted on May 13, 2020
  • Arm’s length principle mutations: control of risk in the OECD guidelines and variations in practice by Andrew Hickman | posted on January 13, 2021
  • How prudent is it to conduct transfer pricing risk adjustments for captive cost centres? by Smarak Swain | posted on May 4, 2021
  • Nike’s transfer pricing state aid dispute: the underlying issues by Dr. Harold McClure | posted on July 19, 2021
  • Return on assets (ROA) is an unreliable profit indicator by Ednaldo Silva | posted on October 2, 2019
  • AgraCity’s Canada transfer pricing dispute: co-distribution and the markup for logistics by Dr. Harold McClure | posted on September 2, 2020
  • OECD lists countries agreeing to country-by-country reporting exchange by Staff | posted on May 4, 2017

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Copyright © 2021. DISCLAIMER: The information provided herein is general and may not be applicable in all situations. It should not be acted upon without legal advice accounting for a particular situation.