International Taxes

 


The government has issued a Business Rates Review: Call for Evidence following the commitment in the Spring 2020 Budget to conduct a fundamental review of the business rates system in England. The call for evidence is in two tranches. The first tranche concerns reliefs and the multiplier. 

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.

Further directions issued today by the President of the First-tier tax tribunal, Judge Sinfield, to the Tax Chamber and Tribunal users extending, in relation to certain proceedings, the general stay of all proceedings released on 24 March (as amended and released on 26 March).

The Chartered Institute of Taxation (CIOT) sent a letter to HMRC in response to a call for comments on Double Taxation Treaties 2019/20. 

The Chartered Institute of Taxation (CIOT) responds to the Organisation for Economic Co-operation and Development (OECD) consultation on Global Anti-Base Erosion Proposal (‘GloBE’) – Pillar Two.

There was not much love for the government’s Digital Services Tax (DST) at the latest CIOT/Institute for Fiscal Studies (IFS) debate.

The Labour Party have published their general election manifesto, which includes plans for higher corporation tax, income tax increases for those earning more than £80,000 and taxing capital gains and dividends at income tax rates with a single allowance.