Tax

UK firms uneasily await off-payroll working rules

Many UK companies face an April 2020 mandate to begin assessing whether their contractors are in fact employees for tax purposes. The roll-out of the new IR35 rules might be delayed by the upcoming general elections, though.

More UK entities preparing to manage VAT digitally

Beginning 1 October, another group of UK businesses and organisations will have to start managing their VAT records and filings digitally because the automatic six-month extension they were given will expire.

Proposed nexus rules could change global taxation

The proposed Organisation for Economic Co-operation and Development changes could radically rewrite the international profit allocation and right-to-tax (nexus) rules that have been in place for almost a century.

UK prepares to make VAT digital

Starting 1 April, more than 2 million UK businesses will have to start managing their value-added-tax records and filings digitally, but many aren’t prepared for the switch, a survey suggests.

UK to introduce digital services tax

The UK will introduce a digital services tax starting in April 2020, Chancellor of the Exchequer Philip Hammond announced as part of the rollout of the UK’s 2018 Budget.

Association addresses digital economy tax issues

The Association of International Certified Professional Accountants released a policy paper urging global solutions to the tax treatment of transactions in the digital economy, emphasising its own Guiding Principles of Good Tax Policy.

Video: Data analytics and AI in tax

Lauren Kovar, CPA/CITP, CGMA, director of Client Advisory & Strategy for Thomson Reuters, discusses a couple of emerging trends in tax technology.

Video: What CEOs and CFOs need to ask about tax

Lauren Kovar, CPA/CITP, CGMA, director of Client Advisory & Strategy for Thomson Reuters, says executives have an opportunity to recognise their tax function not as a cost centre but as a real driver of economic return and business value.

Tax data would be public under European measure

The European Parliament voted in favor of a measure that will require large multinational corporations to publicly report their net revenue, amount of profit and loss, and income tax paid on a country-by-country basis.
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