International Taxes

 


As part of the ongoing work to develop a solution to the tax challenges of the digitalisation of the economy, the OECD/G20 Inclusive Framework on BEPS is seeking public comments on the Reports on the Pillar One and Pillar Two Blueprints.

The Chartered Institute of Taxation (CIOT) respond to the Treasury Committee inquiry Tax after coronavirus.

Normal politics were on hold at the online Conservative Party Conference, with shortened speeches and curtailed policy debate. The Chancellor committed himself to putting the “overwhelming might of the British state” at the service of struggling businesses and workers, but said that the books would need to be balanced eventually. On the fringe, and in media interviews and reports, there are clues as to which taxes are likely to rise. 

MPs on the House of Commons Treasury Committee questioned tax experts from CIOT, ICAEW and ICAS as part of their Tax after Coronavirus inquiry from 9.30-11.30 on Tuesday 15 September. A live blog of the hearing appears below.  

The Chartered Institute of Taxation (CIOT) respond to the HMRC consultation document on Notification of uncertain tax treatment by large businesses.

The Chartered Institute of Taxation (CIOT) respond to the HMRC consultation on Hybrids and other mismatches.

A live blog of the sixth public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), which took place on Thursday 11 June 2020 from 2pm. The session covered the later clauses in Part 2 of the Bill, which covers the introduction of the Digital Services Tax. 

A live blog of the fifth public bill committee sitting of Finance Bill 2020 (also known as Finance Bill 2019-21), which took place on Thursday 11 June 2020 from 11.30am. The session focused on Part 2 of the Bill, which covers the introduction of the Digital Services Tax.

The Chartered Institute of Taxation (CIOT) respond to the Treasury Committee inquiry in to the Spring Budget 2020

The Finance Bill had its second reading in the House of Commons on Monday 27 April.  The Bill includes measures such as a Digital Services Tax, changes to the controversial Loan Charge and retaining corporation tax at 19 per cent (rather than implementing a previously legislated cut to 17 per cent). It makes some business reliefs more generous to encourage investment but introduces restrictions on the availability of two capital gains tax reliefs - entrepreneurs’ relief and private residence relief.