04 December 2019
Will we see the first prosecutions for failure to prevent the facilitation of tax evasion in 2020?
www.twobirds.com/en/news/articles/2019/global/will-we-see-the-first-prosecutions-for-failure-to-prevent-the-facilitation-of-tax-evasion-in-2020

The corporate criminal offences of failing to prevent the facilitation of tax evasion, contrary to the Criminal Finances Act 2017 came into force on 30 September 2017. However, to date no prosecutions have been brought ...

29 May 2020
DAC6 - will it fly?
www.twobirds.com/en/news/articles/2020/global/dac6---will-it-fly

Our Tax team look at a new EU directive which comes in force later this year, forcing intermediaries to report certain cross-border transactions. Many intermediaries in the aviation sector may not be aware of their ...

20 July 2020
VAT exemption for data centre colocation: CJEU says 'no'
www.twobirds.com/en/news/articles/2020/global/vat-exemption-for-data-centre-colocation-cjeu-says-no

With its judgment of 2 July 2020 (A Oy, C-215/19), the Court of Justice considers data colocation services to be subject to VAT. Even though it is not entirely a black and white decision, most data centre colocation ...

18 January 2021
Brexit: The Northern Ireland Protocol
www.twobirds.com/en/news/articles/2021/global/brexit-the-northern-ireland-protocol

This article is part of a series of three articles on the implications of the Trade and Cooperation Agreement (the “TCA”) and Brexit on UK taxation from 1st January 2021, now that the transition period has ended.

14 May 2020
COVID-19 and Diverted Profits Tax investigations
www.twobirds.com/en/news/articles/2020/global/covid19-and-diverted-profits-tax-investigations

With HMRC reportedly suspending civil investigations as a result of the COVID-19 pandemic, what steps should those taxpayers currently under or at risk of a Diverted Profits Tax ("DPT") investigation be taking now?

18 March 2020
IR35 deferred for one year
www.twobirds.com/en/news/articles/2020/global/ir35-deferred-for-one-year

The implementation of the new off payroll working rules (or "IR35") has been deferred until 6 April 2021 as part of the government's Covid-19 strategy. This announcement came as a shock, especially after the government ...

07 July 2020
UK: Fraud Risks for Businesses - Coronavirus Bounce Back loan Scheme
www.twobirds.com/en/news/articles/2020/global/fraud-risks-for-businesses-coronavirus-bounce-back-loan-scheme

It has been reported that anti-fraud organisations and white-collar crime experts have raised significant concerns about potential for loss to the public purse as a result of fraudulent claims for Coronavirus bounce ...

25 February 2020
New EU VAT reporting laws for Payment Service Providers
www.twobirds.com/en/news/articles/2020/global/new-eu-vat-reported-laws-for-payment-service-providers

New EU VAT legislation has been formally adopted last week which will have a significant impact for regulated payment service providers (PSPs) in the EU and (we anticipate) the UK.

10 July 2019
Italy: "Growth Decree 2019" – Tax impacts for Italian entities
www.twobirds.com/en/news/articles/2019/italy/italy-growth-decree-2019-tax-impacts-for-italian-entities

Our tax alert will provide an outline of the main tax provisions having an impact for the Italian entities.

23 January 2019
France: 2019 Finance bill– Taxation of companies January 2019
www.twobirds.com/en/news/articles/2019/france/loi-de-finances-2019-entreprises

The Finance Bill for 2019 (#2018-1317) has been adopted by the French Parliament on December 20th, 2018 (published by the French Official Journal on December, 30th 2018).