HMRC has made several important updates to its trust registration service manual including adding new sections on penalties, data requests and discrepancy reporting. ICAEW’s Tax Faculty highlights the key changes.
The draft legislation, announced on 20 July, includes the introduction of a top-up tax applicable to multinational business alongside changes to the UK transfer pricing documentation requirements.
Next year, Cyprus will proceed with tax reforms, including increasing corporate income tax and introducing green taxation to achieve its environmental targets, Finance Minister Constantinos Petrides said.
Businesses registered under Seychelles' Companies Act of 1972 have to register persons classified as beneficial owners through a portal set up on the website of the Financial Intelligence Unit (FIU), a top official said on Wednesday.
Eight new freeports offering significant tax incentives will start operating across England by the end of 2021. ICAEW’s Tax Faculty is hosting a free webinar for its members outlining the potential benefits and pitfalls for businesses.
The European Union has released its Winter 2021 Economic Forecast, which says that Brexit will dent UK economic growth considerably, and more than for the European Union, despite the new free trade deal between the two parties.
The UK Government has announced that the temporary GBP1m (USD1.31m) cap for the Annual Investment Allowance (AIA) will be extended until January 1, 2022
