On 10 November 2023 the UK and other 47 countires committed to implementing the Crypto-Asset Reporting Framework (CARF) and the amendments to the CRS in a joint statement. The CARF is the new international standard on automatic exchange of information between tax authorities to ensure tax compliance and clamp down on tax evasion. The jusrisdicions […]

Russia has suspended unilateraly all material provisions of many of its Double Taxation Agreements with 38 countries by Presidential decree dated 8 August 2023. The suspension includes the UK-Russia Convention and the treatment of dividends, interest, royalties, capital gains, business profits, employment income and pensions, together with protection against discrimination contained in it. The provision […]

Yesterday, 3 March 2021 the Chancellor, Rishi Sunak, delivered his second Budget. Given the dire straits of the country's finances due to the effects of the fight against Covid-19 many were expecting tough measures. Therefore, the Chancellor realized that what the country needs at the moment is a boost to the economy rather than fiscal […]

From 1st January 2021, the transition period with the European Union (EU) will end, and the United Kingdom (UK) will operate a full, external border as a sovereign nation. This means that controls will be placed on the movement of goods between the UK and the EU. The UK Government will implement full border controls […]

The Chancellor has announced plans to extend the UK government’s flagship job retention scheme until the end of October but he will gradually cut the cost of the programme. The current scheme will continue until the end of July but will be amended between August and the end of October to “provide greater flexibility to […]