To date the EU has implemented a number of harmonising Directives intended to support the four freedoms (the free movement of goods, services, people and capital). From a tax perspective, the most important are the Parent-Subsidiary Directive and the Interest and Royalty Directive, which prohibit withholding taxes on intra-group interest, dividend and royalty payments made within […]

The United Kingdom (UK) will be leaving the EU, including the Customs Union, at 11pm (UK time) on 29 March 2019. This information is for advice and guidance only (Source: HMRC) The UK government has reached agreement with the EU on the vast majority of withdrawal issues, including the terms of an implementation period. Full […]

A Convention between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the Republic of Cyprus for the Elimination of Double Taxation was signed on 22nd March, replacing the treaty that had been signed between the two countries in 1974. The new Convention is generally based on the […]

On 5th July 2018, the OECD published a new set of bilateral exchange relationships established under the Common Reporting Standard Multilateral Competent Authority Agreement (CRS MCAA). The international legal network for the automatic exchange of offshore financial account information under the CRS now covers over 90 jurisdictions across the world including many prominent low tax […]

On 21 June 2018, the Home Office published a statement of intent giving further details about how EU citizens and their families can obtain settled status in the UK (also called ‘indefinite leave to remain’) under the new EU Settlement Scheme. The statement sets out the eligibility requirements for the scheme and how it will […]