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17 October 2014

Irish Budget 2015 - some key outcomes

By Roz Burke The Irish budget was delivered this week (14 October). Here are some key highlights from the announcement: Residence test to be amended such that Irish incorporated companies will be held to be tax resident in Ireland unless they are tax resident in another territory by virtue of...

15 October 2014

Tax Transparent Funds take off

By Hazell Hallam & Roy Lonergan Until recently, the UK lacked a tax-transparent pooling vehicle which prevented many UK-domiciled funds from winning a share of the European market. This also acted as a barrier to the UK being the largest asset management centre in Europe. In 2013 regulations were introduced...

14 October 2014

Country-by-country reporting: What’s your plan?

By Stuart MacPherson The idea of country-by-country reporting – where multinationals report the payments they make to governments (including taxes), in each country in which they operate – has steadily gained momentum over the past few years. Companies in the financial services sector and extractive industries have already been grappling...

10 October 2014

Find out all you need to know about Know Your Customer from HMRC

By Paul Dixon A lot has been written about HM Revenue & Customs' (HMRC) new approach to PAYE risk and now our clients have the chance to hear directly from HMRC about what it all means. Neil Rollason, HMRC’s strategic lead for Employer Compliance in HMRC’s Large Business team, has...

30 September 2014

When people trump capital

By Michael Cooper 50 years ago it wasn’t difficult to pinpoint where a company created its value – it tended to be where its machinery was located. Today, in the world of complex multinationals, continual innovation and service companies, it’s rather more difficult to tell. That’s why people are suddenly...

23 September 2014

Guiding you through the BEPS maze

By Michael Cooper Over the next few months we’ll see the most comprehensive reform of international tax most of us can recall, courtesy of the OECD’s Base Erosion and Profit Shifting (BEPS) project. Many of you will have seen that the OECD published its recommendation for the first part of...

18 September 2014

OECD agreement on Patent Box still outstanding, what can you do now?

By Martin Hodgson and Angela Browning As part of the OECD’s recommendations for BEPS the decision regarding Patent Box has yet to be agreed. The scheme, designed to support innovation in the UK, came into effect last year. Companies are entitled to a lower rate of tax on income generated...

17 September 2014

HMRC to end Employee Benefit Trust Settlements

By Ronnie Pannu After much speculation HM Revenue & Customs (HMRC) recently announced that the Employee Benefit Trust Settlement Opportunity (EBTSO) will be closed as of 31 March 2015. For clients who have EBTs or similar arrangements, and are anticipating receiving an Accelerated Payment Notice (APN), now’s the time to...

16 September 2014

OECD and BEPS - the most significant change in modern times

By Richard Collier The OECD has set out recommendations from the first part of its tax reform programme to tackle Base Erosion and Profit Shifting (BEPS). The BEPS project marks the most significant change to international tax in modern times. The announcements will have a big impact on global firms,...

11 September 2014

Taxes and the digital age

By John Steveni Digital technology is changing how businesses operate in fundamental ways, but one that may not immediately come to mind is taxation. But there have been a number of high-profile examples of multinational businesses apparently exploiting anomalies in the international tax system and there’s a public perception that...