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BLOG: Public CbCR has arrived in the EU The EU's directive on public country-by-country reporting was published in the Official Journal on 1 December 2021 to take effect on the twentieth day thereafter. 
BLOG: TAMD is upon us As part of the UK’s Autumn Budget, Chancellor Rishi Sunak announced that certain “tax administration and maintenance announcements” would follow – they followed on 30 November in a manner similar to tax policies and consultation...
Tax and the City Review for November 2021 In their latest Tax and the City article, Mike Lane and Zoe Andrews provide an update on the measures relevant to financial institutions in the Autumn Budget and Finance Bill 2022 including bank taxation, the consultation on a re-domiciliation regime,...
Global Investigations Bulletin (November 2021) Our November Global Investigations Bulletin is now available. This month, we review corporate liability for economic crimes, and set out the latest news in global investigations and enforcement actions.
Getting The Deal Through: Tax Controversy 2022 Richard Jeens is the contributing editor of the 9th edition of this publication which summarises the framework for tax disputes in a number of jurisdictions. Richard Jeens, Dominic Robertson and Charles Osborne are authors of the UK chapter.
BLOG: UK’s Autumn Budget 2021 On 27 October 2021, Chancellor Rishi Sunak presented the UK’s second Budget of 2021 under the tagline “A Stronger Economy for the British People”. Few tax measures made it into a speech dominated by spending announcements, but this should...
BLOG: Bridging the gap between DSTs and the new global tax system A big driver for international tax reform (and certainly the motivation for the renewed interest in it by the US under the Biden administration) is the desire to have one set of rules ensuring the largest and most profitable multinationals pay their “fair...
BLOG: Net Zero Review: what can it tell us about the Budget? The Treasury's Net Zero Review Final Report, published alongside the Government's Net Zero Strategy: Build Back Greener and Heat and buildings strategy on 19 October 2021 just over one week before the Autumn Budget on 27 October...
Tax and the City Review for October 2021 Mike Lane and Zoe Andrews discuss the postponement of the change to basis periods for income tax, the High Court decision in Almacantar (on contractual notice provisions and estoppel), the proposed economic crime levy and recent State aid developments.
BLOG: Graphite or Diamonds? The complications of Carbon Border Adjustment Mechanism(s) Graphite and diamonds: take just one element - carbon - and assemble it differently, and you get a strikingly different result. The same could be said of carbon pricing. While the concept is widely accepted as a key part of the net zero push, how these...
Global Investigations Bulletin (October 2021) Our latest Global Investigations Bulletin for October 2021 is now available. This month, we discuss NatWest’s guilty plea for breaches of the 2007 Money Laundering Regulations, and set out the latest news in global investigations and enforcement actions.
BLOG: What’s the difference between nothing and nil? A tax deduction! Net accounting has always thrown up some difficult questions for taxpayers and their advisers looking to claim a deduction for something that cannot be seen on the face of the accounts. This is particularly so when an amount for which the taxpayer would...
Tax and the City Review for September 2021 Mike Lane and Zoe Andrews summarise the L Day materials of interest to financial institutions and discuss the decisions of the Court of Appeal in Target Group (on the VAT financial services exemption) and the FTT in Kwik-Fit (on the loan relationships...
Global Investigations Bulletin (September 2021) Our latest Global Investigations Bulletin for September 2021 is now available. This month, we discuss the UK’s post-Brexit sanctions regulatory framework, and set out the latest news in global investigations and enforcement actions.
BLOG: Health and Social Care Levy of 1.25% hits employment income at 2.5% The UK Government announced its "Build Back Better" plan for health and social care, including a funding proposal based on the introduction of a 1.25% Health and Social Care Levy plus an increase in dividend taxation by 1.25 percentage points.