Tax News

• Tax-News.com: UK To Collect Interest On Overdue Digital Services Tax September 22, 2020
  The UK Government on September 16, 2020, tabled The Taxes (Interest Rate) (Amendment No. 2) Regulations 2020, which will enable HM Revenue and Customs to collect or pay interest on overpaid or underpaid digital services tax liabilities.
• Tax-News.com: EU Expecting COVID-19 Dent In 2020 VAT Collections September 22, 2020
  The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018.
• Tax-News.com: UK Reviewing VAT Group Rules September 14, 2020
  The UK Government has recently issued a call for evidence from UK VAT groups on future policy reform.
• Tax-News.com: UK, Austria Sign Deal On Granting Tax Treaty Benefits September 7, 2020
  HM Revenue and Customs has announced that it is has agreed changes with authorities in Austria regarding how the two authorities will deal with requests for relief under the two countries' tax treaty.
• Tax-News.com: UK Treasury Rules Out Digital Tax Repeal August 31, 2020
  The UK Government has dismissed speculation that it will repeal its digital services tax in a bid to secure a post-Brexit free trade agreement with the United States.
• Tax-News.com: UK Issues Final Loan Charge Guidance August 21, 2020
  The UK tax authority has published final guidance on the Loan Charge regime, following the enactment of amendments in the UK Finance Bill 2019-21.
• Tax-News.com: Unilever Concerned By Possible Dutch Exit Tax August 18, 2020
  Unilever may scrap plans to overhaul its company structure if an exit tax proposed by a Dutch opposition party is passed.
• Tax-News.com: EU To Amend VAT Rules For Trade With Northern Ireland August 7, 2020
  The European Commission has proposed changes to the EU's VAT rules in respect of Northern Ireland, in preparation for the end of the Brexit transition period with the UK.
• Tax-News.com: UK Considering New Online Sales Tax July 31, 2020
  Alongside a review into the reform of the business rates system (commercial property tax) in the UK, the Government is looking at possible taxes that could replace or supplement the regime, including a new tax on online sales.
• Tax-News.com: France Publishes List Of Territories Exempt From CbC Local Filing July 31, 2020
  On July 20, 2020, the French Government published in the Official Gazette a decree to expand the list of jurisdictions exempt from local filing reporting requirements under the country's country-by-country reporting regime.