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Sep 4, 2024 | 
taxjournal.com | Andrew Howard |Omar Asfar |Emma Rawson |Julian Feiner
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Jan 24, 2024 | 
taxjournal.com | Tim Sarson |Andrew Marr |David Whiscombe |Andrew Howard
International review for January 2024 © Copyright LexisNexis 2024. All rights reserved. 24 January 2024 Speed read December 2023 saw a flurry of activity across the international tax world, setting the scene for an eventful 2024. The OECD published its third tranche of Pillar Two Administrative Guidance and released a statement on the timeline for Pillar One. It also announced a new role for the UK’s Tim Power.
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Jan 18, 2024 | 
taxjournal.com | Andrew Marr |David Whiscombe |Andrew Howard |Jasmine Kaur
Manual Page Comments Capital Gains Manual Archived: CG59500 Guidance on the valuation of shares and securities has been archived. Updated: CG52587 The example of ‘share exchange: effect of TCGA 1992 s 135: other consideration received’ has been updated. Updated: CG32260 In the guidance on valuations at the date of death the link to further detail on the valuation of quoted shares has been updated to CG59510P.
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Jan 17, 2024 | 
taxjournal.com | Andrew Howard |Hardeep Soor
Tax watch: 19 January 2024 © Copyright LexisNexis 2024. All rights reserved. 17 January 2024 Consultations updateMultinational Top-up Tax and Domestic Top-up Tax: HMRC invites comments on partial draft guidance (closes 7 February). Capital allowances simplification: the government will hold working group meetings from January 2024 onwards with a view to producing any draft legislation in the summer.
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Jan 17, 2024 | 
taxjournal.com | Andrew Marr |David Whiscombe |Andrew Howard |Jasmine Kaur
Home >Articles > Transfer pricing, PE and DPT consultation responses
Transfer pricing, PE and DPT consultation responses
17 January 2024
The government has published its summary of responses to its consultation on modernising the UK’s domestic rules to transfer pricing, permanent establishment (PE) and diverted profits tax (DPT) to improve fairness and support growth.
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Jan 17, 2024 | 
taxjournal.com | Andrew Marr |David Whiscombe |Andrew Howard |Jasmine Kaur
Home >Articles > Tax simplification update Tax simplification update 17 January 2024 Following its pledge outlined in the Autumn Statement 2023 to put tax simplification at the heart of policy-making, the Financial Secretary to the Treasury, Nigel Huddleston, has set out some proposed tax simplification measures in a written statement on 16 January, including: a consultation on changes to the CGT rules on alternative finance arrangements; a new, online service for employees to claim tax...
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Jan 17, 2024 | 
taxjournal.com | David Whiscombe |Andrew Howard |Johan Barros |Hugh Gunson
Reliance on artificial intelligence (AI) is now common practice in the legal profession. Either through smart contracts, analytics or case management software, legal professionals increasingly use machine learning and AI-based tools for the quick, accurate and cost-efficient provision of legal services. However, predictive justice – the use of AI-enabled technologies for predicting outcomes of legal disputes – is a recent development.
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Jan 17, 2024 | 
taxjournal.com | Andrew Marr |David Whiscombe |Andrew Howard |Jasmine Kaur
Dan Neidle’s Tax Policy Associates (TPA) says that the Post Office has incorrectly claimed up to £934m in tax deductions in relation to compensation payments made to former branch managers – and as a consequence, may have ‘underpaid its corporation tax by over £100m over the last five years, and may no longer be solvent’. TPA understands that HMRC are investigating.
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Jan 17, 2024 | 
taxjournal.com | Andrew Marr |David Whiscombe |Andrew Howard |Jasmine Kaur
EY’s 2024 international tax and transfer pricing survey of 1,000 executives at large companies across 47 jurisdictions reveals that 84% of respondents expect a ‘moderate or significant’ risk of double taxation as a result of global tax reform, with 72% saying that global minimum taxes will have some impact on their transfer pricing policies.
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Jan 17, 2024 | 
taxjournal.com | Andrew Marr |David Whiscombe |Andrew Howard |Jasmine Kaur
Finance Bill 2024 cleared the House of Commons ‘Committee of Whole House’ stage on 10 January 2024. The House approved clauses/schedules on the following subject areas, all without amendment. The CIOT has issued briefings on a number of those clauses:Permanent full expensing: The CIOT notes two principal limitations: (1) restricted to expenditure on plant and machinery, and (2) available only for companies.
