18 January 2021
Brexit: The TCA and Tax
www.twobirds.com/en/news/articles/2016/uk/tax-implications-of-a-brexit

This article looks at the potential tax implications of Brexit

05 June 2019
The Criminal Finances Act 2017 and HMRC's new approach to its Business Risk Review
www.twobirds.com/en/news/articles/2019/uk/the-criminal-finances-act-2017-and-hmrcs-new-approach-to-its-business-risk-review

In a climate where there is a perceived lack of control over those who evade tax either by using tax planning schemes that amount to fraud or outright non-payment of taxes, the Government has introduced legislation over ...

30 January 2019
Key considerations for hotels in light of recent HMRC announcements
www.twobirds.com/en/news/articles/2019/uk/key-considerations-for-hotels-in-light-of-recent-hmrc-announcements

HMRC recently made two announcements which should be taken into consideration by hotel businesses. The first is a policy change regarding the VAT treatment of retained payments, and the second is a new voluntary ...

28 February 2020
HMRC recently announced that nine businesses are under criminal investigation for failing to prevent the facilitation of tax evasion
www.twobirds.com/en/news/articles/2020/uk/hmrc-recently-announced-that-nine-businesses-are-under-criminal-investigation

The press release also disclosed that a further 21 businesses across 10 different sectors have cases under review by HMRC. We are told that the investigations relate to businesses of all sizes some of whom are amongst ...

27 April 2020
The Government Publishes Guidance for Businesses - 'Modern Slavery Reporting During the Coronavirus (COVID-19) pandemic'
www.twobirds.com/en/news/articles/2020/uk/modern-slavery-reporting-during-the-coronavirus-covid-19-pandemic'

On 20 April 2020 the Home Office published guidance impressing upon businesses that it is essential to continue activity to identify and address risks of modern slavery in operations and supply chains during the ...

06 November 2020
UK: An overview of the UK government financial package for COVID-19 relief
www.twobirds.com/en/news/articles/2020/uk/uk-government-financial-package-for-covid-19-relief

The comprehensive financial support package offered by the Chancellor has continued to increase and evolve since his initial announcements during the 2020 Budget. As we move into the next phase of the recovery ...

16 May 2017
New corporate criminal offences of failure to prevent the facilitation of tax evasion coming into effect on 30 September 2017
www.twobirds.com/en/news/articles/2017/uk/new-corporate-criminal-offence-of-failing-to-prevent-the-facilitation-of-tax-evasion

28 September 2018
Failure to prevent the facilitation of tax evasion - reasonable procedures
www.twobirds.com/en/news/articles/2018/uk/reasonable-procedures-for-preventing-the-facilitation-of-tax-evasion

Since 30 September 2017, a company may be criminally liable where it fails to prevent its employees or other associated persons from criminally facilitating tax evasion.

13 March 2019
Tax alert: VAT zero rating on aircraft components
www.twobirds.com/en/news/articles/2019/uk/tax-alert-vat-zero-rating-on-aircraft-components

We know that in order for aircraft components to be considered for 0% VAT, they must be installed in qualifying carriers. But is clarification from the customer always necessary?

30 September 2019
HMRC v Fortyseven Park Street
www.twobirds.com/en/news/articles/2019/uk/hmrc-v-fortyseven-park-street

Timeshare apartments are not always exempt from VAT according to a recent decision from the Court of Appeal (CoA). In the past, suppliers have treated timeshares as supplies of land which are exempt from VAT. By finding ...