On 25 May 2018, the European Commission (Commission) launched a further proposal concerning the taxation of intra-EU supplies, which is intended to enter into effect from 1 July 2022. The proposed draft Directive will amend Council Directive 2006/112/EC on the common system of value added tax (VAT Directive) to make technical amendments enabling the move […]

The signed new protocol between UK and Switzerland to their existing double taxation convention, was published on 18 January 2018. In the new protocol: the definition of conduit arrangements, and the provisions excluding the application of articles 10 (Dividends), 11 (Interest), 12 (Royalties) and 21 (Other income) to conduit arrangements have been deleted. Articles 9 […]

HMRC has updated the list of jurisdictions whose tax residents Financial Institutions must report on by 31 May 2018 under the Common Reporting Standard. The change removes Antigua and Barbuda, Brunei Darussalam, Grenada, Macao (China), Trinidad and Tobago and Vanuatu from the list for reporting to HMRC in May 2018, which means that reports sent by […]

The European Commission has approved under EU State aid rules the prolongation of the UK Enterprise Management Initiative scheme, which reduces the taxation of employee share options for small and medium sized enterprises (SMEs). Under the scheme, employees of SMEs benefit from reductions from income tax and/or national insurance contributions, when exercising their share options. […]

The General Data Protection Regulation ((EU) 2016/679)) known as “GDPR” is a response to the rapid technological changes since the Data Protection Directive (95/46/EC) was implemented into national law. It will bring about significant changes to the data protection framework in Europe. The GDPR is a regulation designed to harmonise data protection law across the […]