United Kingdom

Tax-News.com: UK's COVID-19 VAT Payment Deferral Scheme Ends

HM Revenue and Customs (HMRC) has released guidance for businesses following the end of the VAT payments deferral scheme on June 30, 2020.

Tax-News.com: UK Issues COVID-19 Guidance On Interest Expense Deduction Regime

HM Revenue and Customs has released an update to guidance on the UK's interest deduction limitation rules for corporate groups regarding the appointment of a reporting company.

Tax-News.com: US Withdraws From International Digital Tax Talks

US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD.

Tax-News.com: ECJ Rules Against UK's VAT Rules For Commodities Trading

The European Court of Justice (ECJ) on May 14, 2020, ruled against UK value-added tax rule changes for commodities trading.

Tax-News.com: COVID-19: UK Extends Deadlines For Input On Tax Reforms

The UK tax agency has extended various deadlines for responses to consultations and for other work on tax reform, in light of COVID-19.

Tax-News.com: UK Digital Tax Guidance Needed On Scope, Liability: CIOT

The Chartered Institute of Taxation has called on the UK Government to clarify questions remaining about the UK's Digital Services Tax, which became effective this month.

Tax-News.com: OECD Releases Cross-Border Int'l Tax Guidance On COVID-19 Issues

The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules.

Tax-News.com: COVID-19: UK Delays Expansion Of Making Tax Digital For VAT

The UK Government has announced that it will delay ramping up its Making Tax Digital project, in light of COVID-19.

Tax-News.com: UK's IR35 Reforms Delayed For One Year

The UK Government has announced that the expansion of the off-payroll working rules, known as IR35, will be delayed until April 2021, in light of the COVID-19 outbreak.

Tax-News.com: UK Announces Plastics Tax, Business Rates Relief In 2020 Budget

The UK's 2020 Budget, released on March 11, 2020, includes proposals to waive business rates on small retailers, to introduce a new tax on plastics, and to remove value-added tax on electronic publications.

Tax-News.com: Brexit Negotiations To Begin This Month

The European Council has authorized the opening of negotiations for a new partnership with the UK, and mandated the Commission to act as the EU's negotiator.

Tax-News.com: UK Should Keep A Closer Eye On Tax Breaks: NAO Report

The UK's National Audit Office has called for a more comprehensive review of the 1,190 tax relief measures available for taxpayers, which are estimated to have cost the UK revenues worth GBP155bn (USD201.7bn) in 2018-19.

Tax-News.com: European Parliament Seeks Aligned EU-UK Rules

Members of the European Parliament want the EU and UK to reach an ambitious new free trade agreement, but have stressed that there must be a "level playing field."

Tax-News.com: EU To Soon Launch Tax And Trade Talks With UK

The European Commission has taken the first step toward negotiating a new relationship with the UK by issuing a recommendation to the European Council that the talks should commence.

Tax-News.com: Switzerland Confirms Status Quo With UK

Switzerland has said that the withdrawal of the UK from the EU on January 31 will not change the relationship between Switzerland and the UK in the near future.

Tax-News.com: EU Member States Slow To Implement VAT Quick Fixes

The European Commission has launched infringement proceedings against 14 member states for failing to implement the so-called value-added tax quick fixes.

Tax-News.com: Many EU States Tardy In Adopting Anti-Tax Avoidance Directives

On January 24, 2020, the European Commission issued formal notices to numerous European Union member states with regards to lapses in the implementation of various EU anti-tax avoidance directives.

Tax-News.com: German Businesses Call For 25pc Corporate Tax Rate

The Federal Association of German Industry, the BDI, has urged the German government to forge ahead with corporate tax reforms, warning that Germany's corporate tax regime is becoming increasingly out of step with the country's competitors.

Tax-News.com: France Confirms Digital Tax Delay

On January 22, 2020, French Finance Minister Bruno Le Maire confirmed that France will suspend collection of its digital services tax this year to prevent the United States from applying retaliatory tariffs on a range of French goods.

Tax-News.com: UK Steadfast On Digital Services Tax Plans

The UK Chancellor, Sajid Javid, has said the UK intends to push ahead with the introduction of a digital services tax from April 2020, despite warnings from the US that it would consider tariffs on UK-made goods.

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