SYNERGY UK 2017: Coping with volatility and uncertainty

SYNERGY UK 2017: Coping with volatility and uncertainty

Laurence Kiddle, Managing Director of Thomson Reuters’ Tax and Accounting team in Europe, kicked off today’s event and pointed out that nearly 100 different organisations had chosen to attend, with close to 200 people having registered. 2017 marks first-ever SYNERGY awards This year also marked our first-ever SYNERGY awards and the inaugural ‘European Taxologist Award’, […] … Read More

Portugal Implements EU Directives on Exchange of Tax Rulings and CbC Reports

Portugal Implements EU Directives on Exchange of Tax Rulings and CbC Reports

On August 24, 2017, Portugal published Law No. 98/2017 in the official gazette, which implements EU Directives 2015/2376 and 2016/881 on the automatic exchange of tax ruling and CbC reporting information among EU member states, respectively. The measures apply retroactively from January 1, 2017. Tax Rulings (BEPS Action 5) Building on the OECD work on […] … Read More

Webinar Recap | Streamlining Tax Data Management with Advance Tax Compliance

Webinar Recap | Streamlining Tax Data Management with Advance Tax Compliance

On 31 August Thomson Reuters and Advance Tax Compliance presented a webinar called a “Streamlining Tax Data Management – Take Control and Improve Your Tax Data Processes”. In this webinar we focused on the usage of tax data management technology by tax departments, specifically ONESOURCE DataFlow. We also shared a live example how an improved […] … Read More

Greece Implements EU Rules on Exchange of Country-by-Country Reports

Greece Implements EU Rules on Exchange of Country-by-Country Reports

On August 1, 2017, Greece published Law No. 4484 (the “Law”) in the Government newspaper, The Hellenic Democracy. The Law implements EU Directive 2016/881 (amending Directive 2011/16, which was previously amended by Directives 2014/107 and 2015/2376) on the mandatory automatic exchange of tax information (e.g., country-by-country (CbC) reports) into domestic legislation. See BEPS Action 13. […] … Read More

U.K. Issues Updated Guidance on Worldwide Disclosure Facility

U.K. Issues Updated Guidance on Worldwide Disclosure Facility

On June 15, 2017, U.K. HMRC issued updated guidance on the Worldwide Disclosure Facility (WDF). See BEPS Action 12. On December 31, 2015, all HMRC offshore facilities closed. The WDF is currently available to anyone who would like to disclose a U.K. tax liability that relates wholly or partly to an offshore issue, which includes […] … Read More