Latest Tax posts Join us on LinkedIn PwC UK YouTube channel Subscribe to our RSS feed Join us on Facebook Follow PwC on Twitter

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...

Permanent Establishment risk – a new approach

By Sonia Watson Managing Permanent Establishment (PE) risk has always been a challenge for tax departments. Keeping track of the activities and travel patterns of many hundreds or thousands of staff within a large multinational company is very difficult. It has also not been an area of tax which has...

05 September 2014

Senior Accounting Officer – customs duty and excise duty - are you compliant?

By Matthew Paul Clark We’ve recently noticed an increase in queries from clients relating to customs and excise duty. Inevitably, the first question is “are you sure customs duty or excise duty is within the taxes covered by The Senior Accounting Officer (SAO) legislation?”. And secondly ”we outsource our accounting...

08 August 2014

An overhaul of the UK tax system is long overdue

By Andrew Sentance When we talk about tax, most people think of the income tax they pay on their wages and savings income. But income tax raises just over a quarter of the total tax take. The bulk of government revenue is raised by taxes that are hidden from public...

09 July 2014

End-to-end capital allowances execution – staying ahead in a changing environment

By James May and Alf Orban Organisations are changing their approach to managing the tax treatment of their capital expenditure. It’s important to understand why and what action they’re taking. Accurate recording and classification of capital expenditure on fixed assets can add value to your capital allowance claims - and...