Tax News

• Tax-News.com: UK's COVID-19 VAT Payment Deferral Scheme Ends July 3, 2020
  HM Revenue and Customs (HMRC) has released guidance for businesses following the end of the VAT payments deferral scheme on June 30, 2020.
• Tax-News.com: UK Issues COVID-19 Guidance On Interest Expense Deduction Regime July 3, 2020
  HM Revenue and Customs has released an update to guidance on the UK's interest deduction limitation rules for corporate groups regarding the appointment of a reporting company.
• Tax-News.com: US Withdraws From International Digital Tax Talks July 3, 2020
  US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD.
• Tax-News.com: ECJ Rules Against UK's VAT Rules For Commodities Trading May 28, 2020
  The European Court of Justice (ECJ) on May 14, 2020, ruled against UK value-added tax rule changes for commodities trading.
• Tax-News.com: COVID-19: UK Extends Deadlines For Input On Tax Reforms May 15, 2020
  The UK tax agency has extended various deadlines for responses to consultations and for other work on tax reform, in light of COVID-19.
• Tax-News.com: UK Digital Tax Guidance Needed On Scope, Liability: CIOT May 1, 2020
  The Chartered Institute of Taxation has called on the UK Government to clarify questions remaining about the UK's Digital Services Tax, which became effective this month.
• Tax-News.com: OECD Releases Cross-Border Int'l Tax Guidance On COVID-19 Issues April 15, 2020
  The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules.
• Tax-News.com: COVID-19: UK Delays Expansion Of Making Tax Digital For VAT April 15, 2020
  The UK Government has announced that it will delay ramping up its Making Tax Digital project, in light of COVID-19.
• Tax-News.com: UK's IR35 Reforms Delayed For One Year March 30, 2020
  The UK Government has announced that the expansion of the off-payroll working rules, known as IR35, will be delayed until April 2021, in light of the COVID-19 outbreak.
• Tax-News.com: UK Announces Plastics Tax, Business Rates Relief In 2020 Budget March 17, 2020
  The UK's 2020 Budget, released on March 11, 2020, includes proposals to waive business rates on small retailers, to introduce a new tax on plastics, and to remove value-added tax on electronic publications.