Tax News

• Tax-News.com: Belgian Cabinet Approves Brexit Tax Law March 14, 2019
  Belgium's Council of Ministers has approved a draft law that would temporarily treat the United Kingdom as a member of the European Union for Belgian tax purposes should the UK leave the EU having failed to agree any withdrawal arrangements.
• Tax-News.com: UK Urges Businesses To Prepare For VAT Process Disruptions February 18, 2019
  The UK Government has released VAT guidance for businesses on how existing IT processes will be impacted should the UK leave the EU on March 29, 2019, without a deal.
• Tax-News.com: UK Tax Info Request To Dubai Resident Lawful, UK Court Says February 12, 2019
  The UK's Court of Appeal has ruled that HM Revenue and Customs acted lawfully when issuing a request to a British expat in Dubai for documents concerning his tax affairs.
• Tax-News.com: Switzerland, UK Agree On Post-Brexit Trade Relationship February 12, 2019
  The UK and Switzerland have signed a trade continuity agreement that will serve as a basis for their trading relationship after Brexit.
• Tax-News.com: Ireland To Allow Firms To Postpone Accounting For Import VAT February 12, 2019
  Ireland's Finance Minister, Paschal Donohoe, on February 6, 2018, confirmed that the Government proposes to introduce a system of postponed accounting for VAT should there by a no-deal Brexit.
• Tax-News.com: UK Legislates For Postponed Import VAT Accounting February 5, 2019
  The UK Government has published, and tabled before the House of Commons, The Value Added Tax (Accounting Procedures for Import VAT for VAT Registered Persons and Amendment) (EU Exit) Regulations 2019.
• Tax-News.com: EU To Probe Potential Abuses Of Citizenship By Investment Schemes January 28, 2019
  For the first time, the Commission has presented a comprehensive report on investor citizenship and residence schemes operated by a number of EU member states.
• Tax-News.com: UK Launches Profit Diversion Compliance Facility For MNEs January 14, 2019
  HM Revenue and Customs has announced plans and guidance for a new Profit Diversion Compliance Facility, which is intended to support multinational companies concerned about their transfer pricing arrangements to resolve any issues with the tax agency.
• Tax-News.com: UK Legislates To Close Insurance VAT Loophole December 21, 2018
  On December 11, 2018, the UK Government tabled The Value Added Tax (Input Tax) (Specified Supplies) (Amendment) Order 2018 before the House of Commons to close a VAT avoidance loophole that is exploited by some UK insurers.
• Tax-News.com: Switzerland To Offer UK Equivalent Trade Terms After Brexit December 21, 2018
  The Swiss Federal Council has approved the text of a trade agreement with the UK that aims to maintain existing economic and trade relations after Brexit.