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
On July 10, 2017, the OECD released its 2017 version of the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (“TP Guidelines”), which provide guidance on the application of the arm’s length principle. The TP Guidelines define the “arm’s length principle” as “the international standard that OECD member countries have agreed should be […] … Read More
We presented a webinar on the theme of tax provision software; what companies are doing, and how OTP can help. We drew a contrast between high-risk, labour-intensive and inflexible ways of working, and our software, that helps to: – Eliminate unnecessary manual entry – Review faster than ever – Analyse data in seconds A recording […] … Read More
The EMEA Support team has recently gone through a significant and exciting change by moving to the ONESOURCE Customer Center. This represents a big step forward for customer support since the Customer Center will be used by all ONESOURCE support teams globally, which is critical to our organisation achieving a follow-the-sun support model in the […] … Read More
On 20 June we presented a webinar called a “Year in the Life of a Taxologist” – a Taxologist being a tax professional who embraces the latest tax technology. In the presentation we considered the growth of the usage of tax technology by tax departments and reviewed the traits that would allow you to recognise […] … Read More
On April 28, 2017, France issued Decree No. 2017-672, ratifying the OECD Multilateral Competent Authority Agreement for the Automatic Exchange of CbC reports (“CbC MCAA”), which was signed in Paris on January 27, 2016. On October 1, 2016, France implemented the CbC reporting requirements introduced in the 2016 Finance Act, which will apply for fiscal […] … Read More