Tag - Tax news

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UK - Postponement of Making Tax Digital called for

The Government has been advised by the Chair of the UK Treasury Select Committee, Andrew Tyrie, that it shouldn’t stick to a fixed timetable for the Making Tax Digital (MTD) project implementation...

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Panama - Will sign the automatic tax information exchange deal

On the 15th of July Panama announced that it plans to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, joining the 98 countries and jurisdictions that have already signed...

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Travellers to finally benefit from showing airport shops their boarding pass

Last year airport retailers were found to be claiming VAT refunds on behalf of their customers without passing those savings onto consumers...

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Poland - Tax Ordinance Act amended to introduce tax evasion clause

On the 14th of June an amendment to the Tax Ordinance Act was published in the Journal of Law of the Republic of Poland...

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India - Goods and Services Tax draft published

A draft law introducing goods and service tax (GST) was released for stakeholders’ comments last week by the Indian Finance Ministry...

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Greece - Raising VAT has created more tax evasion

According to a report on the Greek television station, Mega, over the last four-month period between January and April there has been a major VAT revenue shortfall on the Greek islands...

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UK - Sugar tax to enter into force in 2018

The UK Government has confirmed in the Queen's Speech that it will introduce legislation to establish a "soft drinks industry levy"...

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British airlines 'unlawfully' pocketing £300m in tax paid by passengers

British airlines have unlawfully pocketed nearly £300m in taxes paid by passengers who have cancelled or missed their flights, barristers say...

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Sweden - Tax avoidance action plan issued

Sweden will appoint an inquiry to study whether tax advisers should be required to inform the Swedish Tax Agency about tax planning schemes as part of an action plan to combat tax avoidance, which also urges companies to maintain their own tax policies at board level...

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Italy - Tax break for investors in SMEs announced

In a newspaper interview, Italy's Minister of Finance and the Economy, Pier Carlo Padoan, has disclosed that the Government will shortly introduce a decree providing a tax break for investors in Italian small- and medium-sized enterprises (SMEs)...

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