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.
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: