17 Aug 2020
Dutch plan to tax departing multinationals gains momentum
Andrew Parkes, National Technical Director, comments in relation to the news that a Dutch law that would hit multinationals leaving the Netherlands with billions in exit taxes is gaining political support.
9 Jul 2020
Temporary UK VAT rate cut in hospitality and leisure sector from 20% to 5%
In the Chancellor’s summer statement of 8 July 2020, it was announced that the VAT rate applied to certain supplies in the hospitality and leisure sector will be reduced from 20% to 5%
26 Jun 2020
Covid-19 – reminder to reinstate VAT direct debits
As a result of the Covid-19 outbreak, UK VAT registered businesses were able to defer VAT payments due between 20 March 2020 and 30 June 2020 to help manage cash flow. These business will now need to reinstate their VAT direct debits to avoid penalties.
22 Jun 2020
VAT – postponement of reverse charge on construction services
The introduction of the domestic reverse VAT charge for construction services has been postponed from 1 October 2020 to 1 March 2021. This will affect you if you supply or receive specific services that are reported under the Construction Industry Scheme.
18 Jun 2020
Brexit – consequences for UK-EU imports and exports
On Friday 12 June, the UK Government notified the EU that the UK will neither request nor will accept an extension to the current Brexit transition phase past 31 December 2020. This article provides an overview of the resulting customs implications for UK/EU imports and exports.
11 Jun 2020
COVID 19: tax relief provisions for individuals and businesses – highlights of the key items
In response to the COVID-19 pandemic, Congress enacted massive relief packages – The Families First Coronavirus Response Act and the CARES Act – that provide significant tax relief to both individuals and businesses. Andersen USA have prepared charts that summarise the significant provisions for our clients.
4 Jun 2020
Offshore receipts in respect of intangibles – bark worse than bite?
The UK Government has introduced a number of measures to protect the UK’s tax base, including the ‘Offshore Receipts in Respect of Intangibles Profits’ regime. In this article we provide an overview of the ORIP rules. But is the bark worse than the bite?
8 May 2020
COVID-19 US finally offers relief to individuals and businesses with employees stranded in US
Treasury and IRS issued guidance providing tax relief to both individuals and businesses affected by travel disruptions arising from the COVID-19 pandemic.
8 May 2020
UK/US treaty – demystifying the limitation on benefits article
The LoB test is so complex it is easy to ask the wrong question or take a wrong turn in the maze of its provisions, leading you to the wrong answer. In this article we seek to guide you through the maze which is the UK/US LoB!
8 May 2020
UK corporate, partnership and VAT compliance and advisory services
Our experienced London based tax compliance team prepare corporation tax, partnership tax and VAT returns for SMEs, private equity backed business, real estate funds, UK subsidiaries of overseas groups and listed entities.
8 May 2020
Qualified Small Business Stock – what you need to know
On Wednesday, May 20, Andersen will host a webcast on Qualified Small Business Stock (QSBS). The webcast will cover who is most likely to benefit from the QSBS exclusion, and how shareholders holding QSBS can optimise their potential tax savings.
29 Apr 2020
Richard Branson, Denmark and the tricky issue of government bailouts
Miles Dean, Head of International Tax, comments on Richard Branson and government bailouts, in Spear’s. Miles’ comments were published in Spear’s, 28 April 2020, and can be found here. “Virgin Atlantic is a British airline. 49% happens to be owned by the American airline Delta (who have said they will not bail Virgin out, as […]