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 ...

30 June 2020
UK: Crisis driven changes to trading activity
www.twobirds.com/en/news/articles/2020/uk/crisis-driven-changes-to-trading-activity

Businesses grappling with the broad range issues brought about by the pandemic will be conserving cash wherever possible. In the UK, they may have taken advantage of the Job Retention Scheme to continue paying staff or ...

01 February 2018
Will Retail & Consumer businesses need to overhaul their international group structures in light of change to the international tax landscape?
www.twobirds.com/en/news/articles/2018/global/will-retail-and-consumer-businesses-need-to-overhaul-their-international-group-structures

An issue facing retail and consumer companies is that international tax principles have been based upon a way of doing business that has its background in the early 20th century.

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 ...

04 March 2021
UK Spring Budget 2021: Buy homes, raise tax, save the economy
www.twobirds.com/en/news/articles/2021/uk/spring-budget-2021

With an unprecedented economic challenge resulting from the Covid-19 pandemic (having finally got Brexit done), Chancellor Rishi Sunak faced his second Budget with the unenviable task of seeking to support the economy ...

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 ...

27 May 2020
HMRC Ramps up criminal Investigations for Failing to Prevent the Facilitation of Tax Evasion
www.twobirds.com/en/news/articles/2020/uk/hmrc-ramps-up-criminal-investigations-for-failing-to-prevent-the-facilitation-of-tax-evasion

In February HMRC announced that nine businesses were under criminal investigation for failing to prevent the facilitation of tax evasion with a further 21 businesses across 10 different sectors under review. We are told ...

06 July 2020
Digital Services Tax in the UK
www.twobirds.com/en/news/articles/2019/global/digital-services-tax-in-the-uk

In July 2019 the UK Government published its Finance Bill 2019-20, which included draft legislation for a 2% Digital Services Tax (DST) on the revenues of search engines, social media platforms and online marketplaces ...

22 October 2019
Digital Services Tax in Italy
www.twobirds.com/en/news/articles/2019/global/digital-services-tax-in-italy

Italy is implementing unilateral DST with the Fiscal Decree linked to the Budget Law for fiscal year 2020, approved by the Government last October 15, 2019. Italy has already a DST provision, which, however, never ...

23 October 2019
Digital Services Tax in Spain
www.twobirds.com/en/news/articles/2019/global/digital-services-tax-in-spain

In January 2019 the Spanish Government released to the public its draft Bill relating to DST. However, due to the political situation that Spanish is going through (i.e. lack of government) the Bill has not yet been ...