19 February 2021
The Organisation for Economic Co-operation and Development (OECD) has recently issued updated reports regarding several of the ongoing actions arising from the base erosion and profit shifting (BEPS) project. In this update, we explore the key aspects mentioned in the report.
18 December 2020
Finance Act 2020 marked the restoration of Crown preference as it reinstated HMRC as a preferential creditor in respect of certain taxes. We explore the potential implications of HMRCs latest position.
20 November 2020
Following the OECD reports for the pillar one and pillar two blueprints on the taxation of the digital economy, we discuss the pressure for the OECD to achieve a consensus in the current global climate.
17 October 2020
When it comes to the taxation of services provided digitally (usually remotely from territories away from the consumer), the spotlight has been on the OECD for some time, as it strives to find a consensus on the taxation of the digital economy – it previously committed to do this by the end of 2020. A failure to agree a consensus is likely to result in double taxation for affected taxpayers – including the likes of Amazon, Google, Airbnb, Facebook etc.
17 October 2020
The London inter-bank offered rate (LIBOR), a globally accepted key benchmark interest rate for over 35 years , is being replaced by the reformed sterling overnight index average (SONIA) from 31 December 2021.
19 May 2020
A consultation on uncertain tax treatments was published after this year's Budget. This article provides an outline of a proposed new regime, which could significantly impact the relationship between HMRC and many large businesses.