Double taxation convention between the United Kingdom and Ethiopia entered into force
The Comprehensive Double Taxation Convention between the UK and Ethiopia entered into force as of 21 February 2013. The treaty was signed on 9 June 2011. The convention generally follows the OECD Model Tax Convention. According to the provisions of
See MoreUK: Protocol to the double tax agreement with China
A protocol to the treaty between the UK and China was signed on 27 February 2013. This protocol amends the dividend article of the 2011 tax treaty between the UK and China which is not yet in force. Both the treaty and protocol will enter into force
See MoreTreaty between Liechtenstein and United Kingdom enters into force
The first Double Taxation Convention between the UK and Liechtenstein entered into force on 19 December 2012, which was signed in London on 11 June 2012. The Convention continues the cooperation between the UK and Liechtenstein on tax matters which
See MoreTreaty between Barbados and United Kingdom enters into force
The Double Taxation Agreement between Barbados and the United Kingdom entered into force on 19 December 2012 which was signed in Barbados on 26 April 2012. The Double Taxation Agreement generally follows the provisions of the OECD Model; however
See MoreUK: Corporation Tax Dodge Closed by UK Government
On 27 September 2012 it was reported that the British government has used new Targeted Anti-Avoidance Rules aimed at trade and property businesses to close down a scheme which it says was being marketed as a way to reduce corporation tax by
See MoreUK Announces New Anti-Avoidance Tax Forces
On 22 November 2012 it was reported that the UK tax authority, HM Revenue and Customs (HMRC) has announced specialist task-forces to tackle tax avoidance in the UK clothing trade, alcohol industry and rental property sector, expected to recover
See MoreDTA between India and the UK
The UK tax authority, HM Revenue and Customs, has confirmed that a Protocol to the double taxation agreement (DTA) between India and the UK was signed on October 30,
See MoreUK’s High Earners Face Heavy Tax Burden
It has been suggested that the UK's tax rates penalize its top earners with one of the highest personal tax burdens in the world, according to new research. The UK has the ninth highest tax burden in the world on those earning between USD200,000 and
See MoreUK: Google under Fire for UK Tax liability
It has been published on 14 August 2012 that Google bosses could be hauled before the UK parliament to answer questions on the technology giant's tax affairs, as concerns mount over revelations about the company's low corporate tax bills. According
See MoreBelgium: Parliament has approved five DTA protocols
The Belgian parliament has approved five protocols to double taxation agreements signed between Belgium and Luxembourg, Denmark, France, the United Kingdom and France, as part of the country's ratification
See MoreDouble Taxation Convention between UK and Liechtenstein
A first-time comprehensive Double Taxation Convention between the UK and the Principality of Liechtenstein was signed in London on 11 June 2012 by the Exchequer Secretary to the UK Treasury and the Prime Minister of Liechtenstein. Together with the
See MoreUK: Tax Calculator App Launched
On 30 May 2012 it was reported that a new mobile phone application launched by HM Revenue and Customs (HMRC) will allow UK taxpayers to calculate how much tax they pay and how the government spends it. The app hints at the type of information which
See MoreUK Legislates For Budget Tax Measures
The UK government has published the Finance Bill 2012, which legislates for tax measures included in both the 2012 and 2011 Budgets. The Bill provides for an increase in the tax-free personal allowance to GBP 8,105 (USD12, 959) from April, 2012,
See MoreUK Budget Delivers Tax Cuts
The UK has delivered a Budget that unashamedly backs businesses, slashing the top rate of personal income tax and accelerating corporate tax cuts. Currently charged at 50% on all income over GBP150, 000, from April, 2013 the rate will drop to
See MoreUK Blocks Tax Avoidance Scheme
On 28 February 2012 it was reported that the UK has taken steps to close what it calls two highly abusive tax avoidance schemes, disclosed to HM Revenue and Customs (HRMC) by a bank. The aggressive schemes are designed to work around legislation
See MoreUK: Latest Transfer Pricing Statistics Released
HM Revenue and Customs (HMRC) settled the UK’s Transfer Pricing rules such a way that the pricing of transactions between connected can result into an increased revenue yield. The internationally recognized ‘arm’s length principle’ is
See MoreTIEA between UK and Dominica in forced
A Tax Information Exchange Agreement between the United Kingdom and Dominica entered into force on 23 December 2011. The agreement was signed in London on 31 March
See MoreUK: VAT registration threshold drops for foreign businesses
Following a recent European Court of Justice Case, Schmez C 97/09, the Value Added Tax registration threshold for foreign businesses has been forced to be withdrawn by the UK. The change will be effective from the end of 2012. According to this
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