Tag Archives: UK

26 Jan

UK Tax News

HMRC urged to temper new VAT penalties for online retailers ‘ The Chartered Institute of Taxation (CIOT) is calling for amendments to a new government scheme to tackle VAT evasion to safeguard those that make administrative errors, but are not accused of involvement in tax evasion, are not penalised with heavy fines. Businesses that store

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23 Jan

There are more than 800,000 online stores in Europe

e-Commerce News along with data company, Dataprovider, have conducted research to find out how many online stores are currently in Europe. According to the research, there is a 98% accuracy in the measurements. In total, there are more than 800,000 online stores in Europe. The most online stores are available in Germany (approx. 175,000), followed

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22 Jan

The most significant changes to Polish CIT for this coming year

Capital income and its separation from other income of the taxpayer From the 1st January, 2018 within the ‘Corporate Income Tax Act’, taxpayers will be obliged to detach the operating income from the capital income. Subsequently, loss from one source will not decrease income from the other source. The provision determined above will be appropriate

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17 Jan

The UK Brexit Customs and VAT Bill

Last week, the UK Parliament had its second reading of the ‘Taxation (Cross Border Trade) Bill’, which lays the ground for the post-Brexit Customs, VAT and Excise regimes. The Bill was published on 20th November, 2017, and is part of a series of Brexit laws to regulate UK legislation for post Brexit. This includes the

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11 Jan

UK Tax News

Lawmakers in the UK reject proposed amendment to Brexit legislation A proposed amendment to Brexit legislation has been voted against by the lawmakers in the UK. This legislation would have replaced a clause seen as ‘ambiguous’ for a clear message that UK courts should temporarily follow rulings from the European Court of Justice after Brexit.

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12 Dec

UK Tax News

The BCC calls for tax cuts Ahead of the British Chancellor’s Autumn Budget in November, the British Chambers of Commerce (BCC) has urged the UK Government to take immediate action to rule out an expected 3.9% increase to business rates (commercial property tax). With 75,000 companies represented by the BCC, which employee early 6 million

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