Category: Tax Authority
UK seeks feedback on proposed VAT changes that reflect digital platform “sharing economy”
The UK’s HM Treasury has requested public feedback on whether the VAT rules should be changed to account for the new “sharing economy,” facilitated by online digital platforms like Uber and Airbnb. Comments are requested by March 3, 2021. ... - Continue reading
This week in tax: EU VAT, Glencore and Making Tax Digital
As the UK moves ahead with Brexit, businesses across the EU are trying to overcome the difficulties of complying with EU tax law and the increasing likelihood of UK tax law breaking with those same standards. ... - Continue reading
Swiss government approves protocols to Liechtenstein, Malta, Cyprus tax treaties
Switzerland’s Federal Council, at its November 11 meeting, approved protocols to its existing bilateral tax treaties with Liechtenstein, Malta, and Cyprus. ... - Continue reading
Nigeria: FIRS Launches Reporting Portal for Financial Institutions
New Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system set for Nigeria. ... - Continue reading
HMRC says 10% rise in UK tax evasion reports is due to whistleblowers
HMRC, the British government’s tax authority, has reported a 10% rise YoY in evasion probes – and says the increase is due to a surge in whistleblowers. Today’s figures, released by UHY Hacker Young, reveal 73,000 reports arising from whistleblowing, representing a 10% rise on the numbers for 2018-19.UHY Hacker… – Continue reading
Facebook to pay $125 million in back taxes to France
Earlier, France had decided to take the bull named digital tax by its horns, and now it is reaping the benefits. ... - Continue reading
Spain extends tax residency rules to lockdown-enforced stays
Bad news for travellers stuck in Spain due to the COVID-19 lockdown! ... - Continue reading
HMRC ‘plea bargain’ tax evader deals collect extra £120m
Plea bargain deals give taxpayers immunity from criminal investigations as HMRC steps up investigations to help pay for coronavirus economic assistance ... - Continue reading
Taxation, growth negatively correlated: survey
The Pakistan Institute of Development Economics (PIDE) survey recently stated that Pakistan should review and amend its taxation policy in order to accelerate its economy. ... - Continue reading
FBR unearths huge sales tax evasion
The Federal Board of Revenue (FBR) issues orders to all branches to be more proactive regarding the treatment of tax evasion. ... - Continue reading
Ecuador publishes new transfer pricing guidance
On the 1st of July 2020, Ecuador's tax authority communicated its new transfer pricing laws. ... - Continue reading
HMRC targets wealthy in push on tax evasion
Wealthy people are increasingly facing investigation for suspected tax evasion, in a sign that HM Revenue & Customs is “keeping its promise” to intensify its crackdown on those hiding assets following the Panama Papers leak. ... - Continue reading
