UK: Digital communications research published
The UK tax administration HMRC plans to extend online tax accounts to all individuals and businesses paying tax in the UK. To prepare for this customer research was performed to look at the reaction of difference groups of taxpayers and to help in
See MoreUK: Changes to Employment Allowance
Following a consultation that closed on 3 January 2016 the UK is to implement changes to the conditions for eligibility for the employment allowance. This allowance reduces the liability for employer’s national insurance contributions and amounts
See MoreUK: Customs Vision for 2020
On 22 January 2016 HM Revenue and Customs issued the Customs Vision for 2020 setting out the aspirations of UK Customs in the next five years. These include the aim to facilitate legitimate trade, protect society and grow the economy. UK Customs
See MoreUK-Tajikistan DTA in effect
The double taxation agreement (DTA) signed by the UK and Tajikistan on 1 July 2014 entered into force on 16 March 2015 and became effective in Tajikistan in relation to taxes on income and capital, other than withholding tax, for tax years beginning
See MoreUK-Sweden double tax agreement enters into force
The double taxation agreement (DTA) signed by the UK and Sweden on 26 March 2015 entered into force on 20 December 2015. The new agreement replaces the previous bilateral DTA between the two countries signed in 1983. The agreement takes effect in
See MoreUK: Double tax agreement with Kosovo
The double tax agreement between the UK and Kosovo which was signed on 4 June 2015 entered into force on 16 December 2015. The agreement takes effect in Kosovo from 1 January 2016 and in the UK from 1 January 2016 for withholding tax; for
See MoreUK: Double tax agreement with Bulgaria
The double tax agreement (DTA) between the UK and Bulgaria which was signed on 26 March 2015 entered into force on 15 December 2015. The agreement takes effect in Bulgaria from 1 January 2016 and in the UK from 1 January 2016 for withholding tax;
See MoreUK: Double taxation agreement with Croatia
The double taxation agreement (DTA) between the UK and Croatia which was signed on 15 January 2015 entered into force on 19 November 2015. The agreement takes effect in the UK from 1 January 2016 for withholding tax; for corporation tax from 1 April
See MoreUK: Memorandum of Understanding on Northern Ireland Corporation Tax
A Memorandum of Understanding on the Northern Ireland Corporation Tax (NICT) was published by HMRC and the Department of Finance and Personnel for Northern Ireland (DFPNI) on 7 January 2016. The transfer to the Northern Ireland Assembly of the
See MoreUK: Amendment to provisions for farmers’ averaging of profits
A policy paper released by the UK government on 9 December confirms that legislation is to be included in the Finance Bill 2016 to amend the provisions on farmers’ averaging of profits. The new provisions will allow an individual engaging in a
See MoreUK: Annual report on code of practice for banks
The Code of Practice on Taxation for Banks was published in December 2009. This voluntary Code of Practice was a non-statutory statement of principles on bank governance, openness and attitudes to tax planning. The larger financial institutions are
See MoreUK: Examples published to illustrate hybrid mismatch rules
On 22 December 2015 the UK published some examples as part of the guidance on the hybrid mismatch rules. The examples are intended to illustrate the operation of the rules in practice. The hybrid mismatch rules will implement in UK legislation the
See MoreUK: Statistics for Creative Industries Tax Relief
The UK has published statistics relating to the claims made for creative industry tax relief. The statistics include data for the film tax relief, high end television tax relief and animation tax relief for periods to April 2015. In the case of high
See MoreUK: Legislation to ratify agreements with Jersey, Guernsey, and Kosovo
Legislation was forwarded on December 9, 2015 to the House of Commons to ratify the UK's pending tax agreements with Jersey, Guernsey, and
See MoreUK: Scottish rate of income tax
On 16 December 2015 the UK updated its guidance on the Scottish rate of income tax. From 6 April 2016 people living in Scotland are to pay the Scottish rate of income tax at a rate of 10%. However the same overall rate of income tax will be paid as
See MoreUK: Consultation on changes to National Insurance Contributions
On 9 December 2015 the UK issued a consultation document proposing changes to Class 2 and Class 4 national insurance contributions. These are payments made by self-employed people in respect of entitlement social security benefits including the
See MoreUK: VAT changes following Le Credit Lyonnais case in the ECJ
A change to the VAT regulations in the UK will affect partly exempt businesses that have establishments both inside and outside the UK. The changes have been made in response to the ruling of the European Court of Justice (ECJ) in the Le Credit
See MoreUK issues timetable for digital tax accounts
On 14 December 2015 the UK issued a document entitled Making Tax Digital. This outlines the future of digital returns and sets out a timetable for phasing in further changes. By April 2016 individuals and small businesses will have access to a
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