In an unexpected move on 31 December 2020, at the end of the Brexit transition period, the UK Government published legislation that will narrow the scope of the UK's DAC6 reporting requirements.
Winston & Strawn LLP
On 24 December 2020, the UK and EU agreed a comprehensive Trade and Cooperation Agreement ("TCA") which sets out the basis for the future relationship ...
EU Council Directive 2018/822/EU ("DAC6") imposes mandatory reporting of cross-border arrangements affecting at least one EU Member State ...
The precise shape and scope of the UK's new post-Brexit import tax regimes remained unclear until the eleventh hour but the conclusion on Christmas Eve 2020 ...
Morrison & Foerster LLP
On 31 December 2020, HMRC unexpectedly announced that the UK will repeal the implementation of the EU Directive on administrative cooperation ("DAC6").
Arendt & Medernach
It is therefore important to review the VAT treatment of cross-border transactions with the UK. Below you will find a brief summary of the main changes in this regard.
In our first and second installment reviewing the reports on the IHT system by the Office of Tax Simplification (the 'OTS') and the...
In the first of our series reviewing the reports on the IHT system by the Office of Tax Simplification (the ‘OTS') and the All-Party Parliamentary Group on Inheritance & Intergenerational Fairness...
The current UK IHT system is often perceived as unfair and unduly complex, so a review of the system and subsequent report was welcomed by many.
Proskauer Rose LLP
Draft regulations providing for employee and employer national insurance contribution (NIC) exemptions from payments made to employees to cover the cost of a coronavirus...
When will large gardens and grounds qualify? Principal Private Residence Relief ("PPR") is a relief from Capital Gains Tax ("CGT") on the disposal of an individual's only or main residence.
The Sovereign Group
Many different countries are seeking to attract highly-paid individuals to relocate within their borders.
The self-appointed ‘Wealth Tax Commission' has published a report recommending a one-off wealth tax on total wealth above £500,000 per individual (£1 million per couple)
Planning before, not after, you move to the UK is vital to ensure future tax efficiency.
The Sovereign Group
If there was any doubt that any sort of planning could be successful if it relied on disguising the facts and not reporting correctly that doubt has completely disappeared following the...
The recent Office of Tax Simplification (‘OTS') report considering capital gains tax (‘CGT') contained a chapter on "Boundary issues" – the issues associated with characterising something as income or capital.
Skadden, Arps, Slate, Meagher & Flom (UK) LLP
Corporate Tax Comparative Guide for the jurisdiction of UK, check out our comparative guides section to compare across multiple countries
The European Union passed a sixth version of its Directive on Administrative Cooperation in the Field of Taxation, known as "DAC 6" (Directive (EU) 2018/82 2)...
For several years now, the French tax administration has been paying growing attention to intragroup financing strategies. Numerous litigations arose around the issue of the tax deduction...