March 13, 2019
Was there anything in the Spring Statement to write home about?
There were no immediate tax changes in today’s Spring Statement.
Tax
Our Tax blog is dedicated to you, whether you are a Tax professional or simply have a keen interest in the subject. We use this blog to write about how you might be affected by any tax changes that occur from new legislation to a new court ruling or the way the market has moved.
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February 01, 2019
Transfer Pricing Tax Disputes - HMRC’s Profit Diversion Compliance Facility: What to do next?
We have received a request from a client who is channel 1A - Frank Recruitment Group. There are some questions around the SEC restrictions and whether we can provide resource or not. Find out what you should do next in this blog.
January 14, 2019
Transfer Pricing Tax Disputes - HMRC’s New Profit Diversion Compliance Facility (‘PDCF’)
by Ben Proctor Tax Senior Manager Email +44 (0)7711 562040 by Ian Woolley Transfer Pricing, Senior Manager Email +44 (0)7711 562225 HMRC this week announced...
January 11, 2019
Overseas investors are focusing on their reporting to build trust
Insights from PwC’s Building Public Trust Award 2018 for Reporting in Overseas Investment, by Ewan Fryatt, PwC Partner
January 07, 2019
Transfer pricing tax disputes - HMRC’s response to Profit Diversion
With the resolution of some major transfer pricing enquiries by HMRC since the introduction of Diverted Profits Tax, together with the introduction of further far-reaching legislation in the recent Budget, it’s a good time to look the changing landscape for transfer pricing disputes in the UK and what might come next.
December 19, 2018
Transfer pricing tax disputes - What are we seeing currently
In the first two articles in this series we provided an overview of HMRC’s response to Profit Diversion, focusing on the changes we are seeing in transfer pricing (TP) disputes involving HMRC. In the next two articles, we want to look in a little more detail at what we are seeing and at some approaches to resolution that have proved helpful in practice.
December 17, 2018
Transfer pricing tax disputes – Facts and behaviours
by Ben Proctor Tax Senior Manager Email +44 (0) 7711 562040 by Ian Woolley Transfer Pricing, Senior Manager Email +44 (0) 7711 562225 HMRC has...
December 11, 2018
PwC and HMRC Making Tax Digital Event - What did we learn?
by Ian Bowden Director Email +44 (0)161 245 2661 by Aidan Coleman Director Email +44 (0) 7740242033 by Peter Sidwell Manager - Employment Tax Reporting...
November 12, 2018
How should business respond to the new EU Mandatory Disclosure Regime?
We’re now a few months in to the transitional period for the new EU Mandatory Disclosure Regime. These rules kicked in on 25 June this year and broadly require businesses or their advisors to report cross border arrangements which fall within certain hallmarks to the tax authorities. So how are businesses responding to the obligations placed on them under the rules? And what are some of the challenges?
October 30, 2018
#Budget2018 - Reflections
Yesterday, the Government tried to convince us that austerity is really coming to an end - so did it work?
October 25, 2018
UK Digital Tax
Find out what David Murray, Director of International tax policy, predicts for this year's Budget 2018.
October 24, 2018
IR35 2019 or 2020 or maybe a bit of both?
Julian Sansum, Partner, discusses the new rules around IR35 and how it could possibly affect this year’s Budget.
May 29, 2018
You’ve published your tax strategy – what next?
With the majority of the FTSE100 having published their tax strategy, many companies will want to understand how their tax strategy compares to others.
November 23, 2017
Tax reporting and strategy: what are your priority challenges?
In a fast changing tax landscape companies are facing increasing regulatory and data requirements. Business and finance transformation is commonplace, with tax authorities and boards demanding that tax risks are effectively managed. Have you thought about and identified what are your priority challenges and how you may be addressing them?
November 22, 2017
Productivity gains begins at home
Alex Henderson, a PwC Tax partner commenting on new tax measures and how they are restricting reliefs or dealing with anomalies in the tax system.
November 22, 2017
Impact on business - big change hidden in red book
Kevin Nicholson, head of tax commented "While the Budget speech contained no shocks, with so many giveaways there will inevitably be losers..."
November 20, 2017
What will the Chancellor focus on in this Autumn Budget?
By Stella Amiss, Tax Partner. The forthcoming Budget will be the first official one to take place in autumn for more than 20 years. If the Chancellor keeps his promise to stick to one major fiscal event a year, it will also be the penultimate Budget before Brexit.
November 02, 2017
HMRC’s Business Risk Review consultation - What does this mean for taxpayers?
HMRC has opened a consultation into the review of the current Business Risk Review (BRR) process. Currently Customer Relationship Managers (CRMs) conduct periodic BRRs of large business to assess their risk profile and award them either a ‘low risk’ or ‘non-low risk’ rating. The risk rating determines the level of scrutiny and resource received from HMRC.
October 20, 2017
The countdown for country by country reporting is on - are you ready?
We are entering the final countdown to the first multinational enterprise groups having to file their country by country reports. For December year-end groups, these will be due before 31 December 2017. Country by country reporting (CbCR) is more than just another compliance burden.
October 12, 2017
How to stay ahead of competing bidders? Analytics.
Value creation through operational improvement: nothing new in itself, but the success of private equity was often attributed to the leveraged financing of the transaction without interfering with the underlying commercial reality of the business.
