Friday, 18 January 2019

UK tax on offshore intangibles: 'serious' compliance issues

a post on the Out-Law.com blog

The new UK tax charge on multinationals using intangibles held in low tax jurisdictions to generate UK revenue could give rise to "serious" compliance issues for non-UK companies as well as their UK affiliates, according to Jason Collins, a tax disputes expert at Pinsent Masons, the law firm behind Out-law.com.16 Jan 2019



"It is also disturbing that – probably in acknowledgement that the current legislation is defective - the Treasury will have incredibly wide powers to amend the provisions by statutory instrument. The government should delay the measure and not rush it through without proper consideration," he said.

The Continue reading fits in between the two above paragraphs

Hmmmmmmmmm

Statutory Instruments are not the way to go. I try to keep an eye on them via The Inner Temple Library service but there is only so much I can monitor.


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