The UK’s Autumn Budget leaves in place the UK’s low 19 percent corporate tax while vowing to tighten tax rules and crack down on online sales. This post addresses the main points of interest for corporations.
Yesterday UK voters decided to leave the European Union. The decision will have serious implications for multinationals operating in the UK. It’s important to keep in mind, however, that any changes resulting from yesterday’s referendum are months away. Now is the time to take a measured approach to how your business will likely operate in a UK that is not part of the EU, basing your strategy on the probable consequences of yesterday’s vote.
In this week's Global Glance we look at how Netflix’s world domination is almost complete, VW’s mounting legal troubles and the latest Big Mac index.
At the end of August, the UAE’s Ministry of Finance released an official statement on progress regarding the introduction of corporate tax and value added tax (VAT). The statement confirms that the UAEis committed to launching direct and indirect tax regimes.
On 24 March, the UK Chancellor of the Exchequer presented the final budget prior to the country’s parliamentary general elections. We outline the key tax measures.
Nearly all countries charge some type of indirect tax on the local sale of goods or services. Understanding your company’s obligations and liabilities with regard to indirect taxation and devising effective tax compliance and mitigation strategies is an important ingredient in the success of an overseas endeavor.
A new form for tax audits includes revisions and additional requirements to Forms 3CA, 3CB, and 3CD
Highlights from the Union budget for 2014- 2015
Array of changes cover tax procedures as well as rates.
As the year winds down, a recap of some notable developments in the UK seems in order. Previously announced in the March budget and confirmed in the summer Finance Bill, the following changes are now in place: