On 13 July 2017, the Treasury confirmed delays to the Making Tax Digital (MTD) timetable. The new timeline shows that only businesses with a turnover above the VAT threshold (£85,000) will need to keep digital records and will come under MTD in 2019, with other businesses coming under MTD in 2020. … Read More
With over 7 million Google search results alone for Making Tax Digital, how can accountants cut through the noise and separate fact from fiction? Our resident MTD expert Mark Purdue dispels the top three myths… … 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
On June 7, 2017, the OECD held a signing ceremony for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (“MLI”). See BEPS Action 15. 67 countries and jurisdictions signed the MLI and eight jurisdictions have expressed their intent to sign. The OECD expects an additional 25-30 countries to sign the MLI. Approximately 1,100 tax treaties will be […] … Read More
Following the success of the Thomson Reuters attendance at and sponsorship of SAP Ariba Live in Las Vegas, Alex Ellis (Head of Enterprise Sales EMEA) and Kim Hau (Indirect Tax Proposition Manager EMEA), along with 1,500 other sponsors and procurement leads attended the SAP Ariba Live conference for Europe, held at the Hilton hotel in […] … Read More
Tax and fiscal authorities are being more creative about how they audit financial data for tax purposes and we are seeing a growing trend towards digital reporting of tax data which increases the burden on taxpayers to provide orderly and accurate records, closer to, or, in real-time. On the 7-8 June 2017, we held a […] … Read More