As tax authorities embrace new digital technologies, the issue of safeguarding citizens' data privacy rights steps to the fore. Since the implementation of the EU General Data Protection Regulation (GDPR) in 2018, there has...more
Over 135 jurisdictions signed up for a global Organisation for Economic Cooperation and Development (OECD) project in October 2021 aimed at reforming the international taxation system. A Two-Pillar approach was developed to...more
2/21/2025
/ BEPS ,
Corporate Taxes ,
Executive Orders ,
Global Economy ,
International Tax Issues ,
OECD ,
Tariffs ,
Tax Planning ,
Tax Reform ,
U.S. Treasury ,
UK
During Katten's recent tax planning seminar, a panel of leading experts analysed the impact of the Autumn Budget 2024 (Budget) on the United Kingdom's non-dom tax regime — specifically related to family offices and foreign...more
HM Revenue and Customs (HMRC) now considers that charges made by businesses to their customers to withdraw early from agreements to supply goods or services are payments for a supply and potentially subject to value added-tax...more
The new regime for asset holding companies (the qualifying asset holding company (QAHC) regime) was published last month as part of the draft Finance Bill 2021-22.
In essence, the term 'asset holding companies' refers to...more
Tax avoidance is the process of manipulating tax rules to reduce the amount of tax payable and obtaining a financial advantage that was never the intention of the legislation. A typical example of tax avoidance involves the...more
The size of the UK's 'legal interpretation tax gap' is a matter of increasing concern to the government, so much so that it has now published its second consultation on the topic. A 'legal interpretation tax gap' arises where...more
On the eve of the UK's exit from the EU on 31 December 2020, the UK Government published the concise but game-changing piece of legislation, 'The International Tax Enforcement (Disclosable Arrangements) (Amendment) (No. 2)...more
HM Revenue and Customs (HMRC) has adopted a new position regarding VAT on contractual termination payments and cancellation fees....more
Following on from the announcement in the 2018 Budget, from 1 April 2021 non-UK resident purchasers of residential property in England and Northern Ireland will be subject to a new higher rate of SDLT of 2 percentage points...more
Finance Act 2020: This Time It’s Personal (Liability) -
The Finance Act 2020 introduces new rules which make certain individuals who have a ‘relevant connection’ to a company that is, or is likely to become, subject to an...more
KEY POINTS
- The UK Regulations, finalised on 13 January 2020, will only apply in relation to direct EU taxes.
- The Legal Professional Privilege exemption is still unclear.
- Penalties have been capped at...more
2/8/2020
/ Anti-Avoidance ,
Cross-Border Transactions ,
Disclosure Requirements ,
EU ,
HMRC ,
Intermediaries ,
International Tax Issues ,
Legal Professional Privilege ,
New Legislation ,
Reporting Requirements ,
Tax Authority ,
Transitional Arrangements
Key Points
- Coming into force on 1 July 2020, EU DAC6 Regulations will require intermediaries in certain cross-border arrangements to disclose activity to tax authorities.
- The DAC will apply retroactively to affected...more
12/12/2019
/ Anti-Avoidance ,
Corporate Counsel ,
Cross-Border Transactions ,
Disclosure Requirements ,
EU ,
HMRC ,
Intermediaries ,
International Tax Issues ,
Legal Professional Privilege ,
Member State ,
New Regulations ,
Tax Authority ,
Tax Avoidance ,
Third Country Entities (TCEs)