Tax / OECD consults on updated model tax convention

The OECD committee on fiscal affairs has released a draft of the planned 2017 update to the OECD model tax convention, and is seeking feedback solely on those elements which have not already been approved as part of its work on the Base Erosion and Profit Shifting (BEPS) project

Tax / OECD consults on BEPS Action 10 detail on profit split treatment

As part of the Base Erosion and Profit Shifting (BEPS) project, the OECD has issued a call for comment on a discussion draft of additional guidance on Action 10 Profit Splits, designed to clarify the application of transfer pricing methods, in particular the transactional profit split method, for multinationals using global distribution and procurement networks

Tax / OECD consults on BEPS 7 guidance for attributing profits to PEs

The OECD has issued a consultation to guage feedback on additional guidance on the application of BEPS Action 7 Preventing the Artificial Avoidance of Permanent Establishment Status, which will be used as the framework rules to determine the attribution of profits to permanent establishments (PEs)

Tax / Queen's Speech 2017: government set to consult on social care plan

The government will go ahead with plans to overhaul the funding of social care with a consultation scheduled for the two-year parliamentary session but has not set out details about how this would work, the level of any cap or how much people would have to pay for care, reports Sara White

Tax / Consultations: Jun-Jul 2017

A roundup of current consultations from HMRC, including Making Tax digital penalties, VAT fraud, CGT change for non-resident companies, taxation of employee expenses

Tax / OECD releases Action 6 peer review on tax treaty shopping

From 2019, signatories to the OECD Base Erosion and Profit Shifting (BEPS) framework will have to provide details of all current tax treaties and any potential abuse of double tax treaties on an annual basis

Tax / MoJ calls for taxpayers to test online tax tribunal appeal service

The Ministry of Justice is in the final stages of the prelaunch trials for the online tax tribunals appeal service and is looking for taxpayers to test the system before the launch

Tax / HMRC extends deadline for employee expenses consultation

HMRC has extended the deadline for responses to its consultation on the taxation of employee expenses, which is now set as 10 July, due to the announcement of the general election

Tax / Consultations: May - Jun 2017

A roundup of current consultations from HMRC, including corporate interest deductibility, Making Tax digital penalties, VAT fraud, CGT change for non-resident companies

Tax / HMRC consults on 20% VAT on non-EU mobile roaming charges

HMRC has opened a four-week consultation on plans announced at Budget 2017 to charge UK VAT on all telecommunication services, particularly mobile phone calls and internet browsing, used outside the EU by UK consumers

Tax / OECD sets out plans for first OECD Act on VAT

The OECD has set out plans to issue an official VAT and general sales tax act, incorporated into OECD guidance to help harmonise global compliance and collection to improve levels of VAT and general sales tax collection, and reduce evasion

Tax / Government consults on foreign owners property register

The government is going ahead with plans to create a register of UK property owned by foreign companies with the launch of a six-week consultation on the proposals for a property register

Tax / Government to set up overseas property owner register

Plans to set up a register to monitor ownership of UK properties by overseas purchasers and shell companies look likely to go ahead with the government confirming that the Department for Business, Energy and Industrial Strategy is working on proposals and a consultation will be released in the coming weeks

Tax / HMRC looking to ‘conditionality’ to tackle hidden economy

HMRC is considering the introduction of the principle of conditionality, which would involve making access to licences or services needed to trade conditional upon tax registration, as a way of tackling tax loss via the hidden economy

Tax / Corporate interest deductibility draft guidance released

As new rules on corporate interest deductibility come into force on 1 April 2017 for multinational groups with £2m plus in net interest expense, HMRC has issued a consultation on the draft guidance to iron out any final issues before the measures are included in Finance Bill 2017