Tax
Weekly Tax Matters 26 July 2010
a weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jul 2010 | Filetype: PDF (117 KB)
Weekly Tax Matters 19 July 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jul 2010 | Filetype: PDF (101 KB)
Weekly Tax Matters 9 July 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jul 2010 | Filetype: PDF (113 KB)
Weekly Tax Matters 2 July 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jul 2010 | Filetype: PDF (94 KB)
Astra Zeneca UK (C-40/09) – Judgment to be delivered Thursday 29 July
Date: Jul 2010 | Filetype: PDF (239 KB)
Upper Tier Tribunal update
Date: Jul 2010 | Filetype: Podcast
Isle of Wight Borough Council & Others UFTT264 (2010)
Date: Jul 2010 | Filetype: Podcast
Upper Tier Tribunal update
Date: Jul 2010 | Filetype: Podcast
KPMG's Private Client Update, July 2010: Residence for UK tax purposes
Currently there is no single statutory test for residence in the UK. An individual who is in the UK for 183 days or more in a tax year will be UK resident. Someone who spends no time in the UK in a tax year is unlikely to be resident. In other cases HMRC and, if necessary, the Courts determine a person’s residence status from case law principles. Recent cases, such as that of Mr Gaines-Cooper, have attracted substantial media interest. This update is intended to provide a high-level summary of UK residence; it is not a substitute for professional tax advice.
Date: Jul 2010 | Filetype: PDF (84 KB)
.jpg)
Issue 73 - External publication of KPMG's UK M&A Tax Group, focusing on topical issues impacting transactions. In this issue: Purchase of debt at a discount to face value; S137 TCGA 1992 and multiple vendors; Degrouping and migration charges for loan relationship liabilities; U.S. Legislative Update.
Date: Jul 2010 | Filetype: PDF (118 KB)
Employee Incentives Update - July 2010
This quarter's edition of Employee Incentives Update looks at the impact of the emergency Budget on share plans, the UK Corporate Governance Code and proposed amendments to the EU Prospective Directive. Other developments include new guidance on the reporting of share awards made to Australian employees and tax changes in Greece and Estonia.
Date: Jul 2010 | Filetype: PDF (210 KB)
Weekly Tax Matters 25 June 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jun 2010 | Filetype: PDF (110 KB)
Weekly Tax Matters 21 June 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jun 2010 | Filetype: PDF (96 KB)
Weekly Tax Matters - 07 June 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jun 2010 | Filetype: PDF (103 KB)
Weekly Tax Matters - 01 June 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jun 2010 | Filetype: PDF (80 KB)
Alongside the compliance-led carbon market, a large ‘voluntary’ carbon market, valued at US$705m in
Date: Jun 2010 | Filetype: PDF (55 KB)
Judgments –Copygene (C-262/08) and Future Health Technologies (C-86/09)
Date: Jun 2010 | Filetype: Podcast
Hearing - Weald Leasing (C-103/09) – whether leasing structure to defer VAT abusive
Date: Jun 2010 | Filetype: Podcast
Council Regulation on implementing the Directive including new place of supply rules – Updated version publicly available
Date: Jun 2010 | Filetype: Podcast
The Budget of 22 June must be one of the most speculated about in recent history. In no other area is this more
Date: Jun 2010 | Filetype: PDF (94 KB)
Chancellor’s Emergency Budget 2010: KPMG Budget Report
Overall the Budget is likely to get a mixed response from Business, with some winners and losers. However it is a good example of expectation management, since most will be left thinking it could have been worse.
Date: Jun 2010 | Filetype: PDF (316 KB)
Capital Gains Tax Entrepreneurs Relief Tax Hot Issue
The emergency Budget, as anticipated, increased the marginal rate of Capital Gains Tax (CGT) to 28% (from 18%). But the Chancellor also announced a significant increase to one of the key CGT reliefs, Entrepreneurs’ Relief (ER) from £2m to £5m.
Date: Jun 2010 | Filetype: PDF (136 KB)
On 18 June 2009, the European Courts of Justice (ECJ) issued a decision in the case of Aberdeen Property Fininvest Alpha Oy and the Finnish tax authorities.
Date: Jun 2010 | Filetype: PDF (581 KB)
Coalition Tax Policy – Capital Gains Tax Implications for High Net Worth Individuals
The proposed reforms to the tax system have raised concerns about the impact on the taxation of individuals in the UK and one of the key concerns surrounds the increase to Capital Gains Tax (CGT) rates. The Coalition's Programme for Government has done little to provide clarity as to the application of these changes and if you have assets which are standing at a gain, advice should be sought about maximising potential short-term opportunities which may be available.
Date: Jun 2010 | Filetype: PDF (89 KB)
ECJ Commission v Portugal case (C105/08) - decision
Date: Jun 2010 | Filetype: PDF (153 KB)
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: May 2010 | Filetype: PDF (94 KB)
Weekly Tax Matters 10 May 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: May 2010 | Filetype: PDF (89 KB)
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: May 2010 | Filetype: PDF (115 KB)
GMAC Tribunal Decision – Calculation of output VAT on the sale of repossessed HP cars
Date: May 2010 | Filetype: Podcast
High Court - Atrium Club Limited - structure abusive and supplies should be redefined – taxpayer loss
Date: May 2010 | Filetype: Podcast
ECJ Hearing dates for Axa UK and Weald Leasing – 3 June
Date: May 2010 | Filetype: Podcast
Weekly Tax Matters - 24 May 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: May 2010 | Filetype: PDF (88 KB)
Issue 72 - External publication of KPMG's UK M&A Tax Group, focusing on topical issues impacting transactions. In this issue: Capital Gains rules for groups of companies; LLC - limited liability but not a company?; Release of debts and the meaning of the term "release"; Gray's Timber Prodcuts - when are enhanced sale proceeds taxable as income?; Tax implications of impairments; Irish Transfer Pricing regime.
Date: May 2010 | Filetype: PDF (115 KB)
In what could prove a landmark decision the VAT Tribunal has allowed the latest appeal by GMAC concerning the amount of VAT that has to be accounted for on cars supplied under HP agreements, which are repossessed because the customers fail to make all the necessary payments, and then resold.
Date: May 2010 | Filetype: PDF (59 KB)
On April 29, 2010, Advocate General (“AG”) Jääskinen issued his opinion in the case pending before the European Court of Justice (“ECJ”) Etablissements Rimbaud SA (C-72/09).
Date: May 2010 | Filetype: PDF (98 KB)
The UK’ s tax authority is making it compulsory for companies to file their corporation tax returns and company accounts using XBRL. But is XBRL merely a compliance issue for the benefit of state authorities, or are there advantages for the corporates that have to implement it? Read this article from Finance Director Europe where KPMG's Bivek Sharma discusses these issues.
Date: May 2010 | Filetype: PDF (101 KB)
Mandatory filing of company accounts in an iXBRL format
Following KPMG's March 2010 online briefing on 'Mandatory filing of company accounts in an iXBRL format', KPMG have compiled a Q&A document to answer all the questions you may have on iXBRL.
Date: Apr 2010 | Filetype: PDF (290 KB)
Weekly Tax Matters 26 April 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Apr 2010 | Filetype: PDF (106 KB)
Weekly Tax Matters 19 April 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Apr 2010 | Filetype: PDF (88 KB)
Weekly Tax Matters 12 April 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Apr 2010 | Filetype: PDF (860 KB)
VAT Alert - VIC GLO - Compound Interest
On 25 March 2010, the Court of Appeal released its Judgment in the VIC GLO compound interest litigation. The
Date: Apr 2010 | Filetype: PDF (558 KB)
VAT Alert - Court of Appeal decision in InsuranceWide and Trader Media - taxpayer win
The Court of Appeal has released its decision in the joined cases of InsuranceWide and Trader Media. The
Date: Apr 2010 | Filetype: PDF (44 KB)
The Everything Guide to Managing Employment
For your hints and tips to manage employment cost please download the guide.
Date: Apr 2010 | Filetype: PDF (3,256 KB)
Court of Appeal decision in InsuranceWide and Trader Media - taxpayer win
Date: Apr 2010 | Filetype: Podcast
Opinion – EMI Group (C-581/08) – Limits on ‘samples’ and cumulative limits on business gifts not permitted under EU legislation
Date: Apr 2010 | Filetype: Podcast
UKFTT 124 West Country Vending Service Ltd – whether sales from vending machines consumed on premises – yes - therefore in the absence of evidence for consumption off premises claim dismissed in full
Date: Apr 2010 | Filetype: Podcast
On April 15, 2010, the ECJ rendered its decision in the CIBA case (C96/
Date: Apr 2010 | Filetype: PDF (564 KB)
Employee Incentives Update - April 2010
This quarter's Employee Incentives Update looks at the impact of Budget 2010 and related developments on share plans and executive remuneration. It also contains the usual round-up of UK and overseas developments, including the new AIM directors' remuneration reporting rules, changes to the tax rules on share options in Canada, and the latest guidance on valuing share benefits in India.
Date: Apr 2010 | Filetype: PDF (171 KB)
Driving Indirect Tax Performance - Managing the Global Reform Challenge
Indirect taxes keep growing in importance for governments globally; further changes are on the way. KPMG International whitepaper explains what's happening and provides guidance to business on how to actively manage global reform challenges.
Date: Apr 2010 | Filetype: PDF (2,452 KB)
Weekly Tax Matters 29 March 2010
A weekly newsletter which covers the latest issuess in taxation and government announcements relating to tax matters.
Date: Mar 2010 | Filetype: PDF (858 KB)
Weekly Tax Matters 22 March 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Mar 2010 | Filetype: PDF (871 KB)
Weekly Tax Matters 15 March 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Mar 2010 | Filetype: PDF (856 KB)
Weekly Tax Matters 8 March 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Mar 2010 | Filetype: PDF (871 KB)
Weekly Tax Matters 1 March 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Mar 2010 | Filetype: PDF (874 KB)
Med Hotels loses critical VAT case on whether it is an agent or principal
Date: Mar 2010 | Filetype: PDF (206 KB)
KPMG's Pension Accounting Survey
An analysis of market trends in pension assumptions.
Date: Mar 2010 | Filetype: PDF (2,566 KB)
Non-Doms and excluded property trusts
With less than a month until the end of the tax year, all individuals should assess their pre-year end position and whether action is required.
Date: Mar 2010 | Filetype: PDF (105 KB)
UKFTT 120 Secret Hotels2 Ltd (formerly Med Hotels Ltd)
Date: Mar 2010 | Filetype: Podcast
Budget 2010 – Wednesday 24 March
Date: Mar 2010 | Filetype: Podcast
Hearing – Astra Zeneca UK (C-40/09)
Date: Mar 2010 | Filetype: Podcast
Italy - Mandatory Reverse Charge
Date: Mar 2010 | Filetype: Podcast
In this edition we focus on ‘dispute resolution’ and HMRC’s new collaborative approach to dealing with disputes. This should prove particularly insightful for any companies with ongoing tax disputes with HMRC and give an understanding as to what the HMRC approach is, and therefore how this should impact the taxpayer’s behaviour. We also revisit research and development tax relief and capital allowances as we are often surprised how many companies do not take advantage of the beneficial reliefs available to them. Finally we look at short term business visitors, a topic we are increasingly receiving questions on, and look at the tax implications of overseas business visitors to the UK that are often overlooked.
Date: Mar 2010 | Filetype: PDF (593 KB)
Good, Better, Best: The race to set global standards in tax management
Good, Better, Best: The race to set global standards in tax management. KPMG 2009 Tax Department Survey is a survey of tax directors in 20 countries throughout Europe, Asia Pacific, and the Americas.
Date: Mar 2010 | Filetype: PDF (4,078 KB)
Tax Competitiveness Survey 2009
KPMG in the UK has published the full results of its 2009 annual survey of tax competitiveness which shows that the issue of taxation is rising higher up the business agenda.
Date: Mar 2010 | Filetype: PDF (597 KB)
2009/10 Year end tax planning checklist – action required before Monday 5 April
The tax year ends at midnight on Monday 5 April 2010. It is more important than ever to think about taking full advantage of tax allowances and tax-efficient savings vehicles before higher levels of tax impact the highest earners and wealthy individuals from 6 April 2010.
Date: Mar 2010 | Filetype: PDF (379 KB)
Weekly Tax Matters 22 February 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Feb 2010 | Filetype: PDF (118 KB)
Weekly Tax Matters 15 February 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Feb 2010 | Filetype: PDF (120 KB)
Weekly Tax Matters 8 February 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Feb 2010 | Filetype: PDF (166 KB)
Weekly Tax Matters 8 February 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Feb 2010 | Filetype: PDF (166 KB)
Weekly Tax Matters 1 February 2010
A weekly mewsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Feb 2010 | Filetype: PDF (118 KB)
KPMG VAT Alert - Another taxpayer victory on entitlement to recover VAT on deal fees
The VAT Tribunal has robustly ruled in favour of the taxpayer in its long awaited decision in the BAA case.
Date: Feb 2010 | Filetype: PDF (546 KB)
Issue 71 - External publication of KPMG's UK M&A Tax Group, focusing on topical issues impacting transactions. In this issue: "Unusual" share pledges and group relief arrangements; s171 TCGA; Capital reductions; Exempt demergers; VAT recovery on deal fees; Dutch corporate income tax; German change of control and earnings stripping changes.
Date: Feb 2010 | Filetype: PDF (143 KB)
Hearing Report – Commission v United Kingdom (C-582/08)
Date: Feb 2010 | Filetype: Podcast
BAA Tribunal decision – VAT recovery on bid costs - taxpayer win
Date: Feb 2010 | Filetype: Podcast
High Court - American Express Services Europe Ltd – services provided to US parent are taxable in the UK – Tribunal’s decision upheld – taxpayer loss
Date: Feb 2010 | Filetype: Podcast
Top 10 tips to prepare for the 50 percent tax rate
From 6 April 2010 for income over £150,000 high earners will have to pay half of their income in income tax as the new 50 percent rate takes effect.
Date: Feb 2010 | Filetype: PDF (916 KB)
KPMG helps the ICAEW demystify XBRL
KPMG in the UK has authored a guide to the online e-filing language, XBRL, for the Institute of Chartered Accountants in England and Wales' IT Faculty and Tax Faculty. The eight page guide is full of useful information including an outline what XBRL is all about, what the potential benefits and issues arising from the new format are and advice what to do now.
Date: Feb 2010 | Filetype: PDF (219 KB)
KPMG Helps the ICAEW Demystify XBRL
KPMG in the UK has authored a guide to the online e-filing language, XBRL, for the Institute of Chartered Accountants in England and Wales' IT Faculty and Tax Faculty. The eight page guide includes; an outline what XBRL is all about, what the potential benefits and issues arising from the new format are and advice what to do now.
Date: Feb 2010 | Filetype: PDF (219 KB)
Weekly Tax Matters 18 January 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jan 2010 | Filetype: PDF (128 KB)
Weekly Tax Matters 11 June 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jan 2010 | Filetype: PDF (110 KB)
Weekly Tax Matters 11 January 2010
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Jan 2010 | Filetype: PDF (125 KB)
As with our Indirect Tax Update, please find KPMG’s Round Up of 2009 at the link provided. This gives a summary of the key news and cases from 2009.
Date: Jan 2010 | Filetype: PDF (355 KB)
UKFTT 183 - Paul Newey t/a Ocean Finance – Scheme to avoid irrecoverable input tax on advertising services to loan broking business – not abusive – taxpayer win
Date: Jan 2010 | Filetype: Podcast
ECJ Hearing Report – Loyalty Management UK and Baxi Group (C-53/09 and C-55/09)
Date: Jan 2010 | Filetype: Podcast
ECJ Diary – This week’s key cases
Date: Jan 2010 | Filetype: Podcast
This week's headlines are:
Date: Jan 2010 | Filetype: Podcast
This week's headlines are:
Date: Jan 2010 | Filetype: Podcast
Non-Doms, the payment of fees and the Services Exemption
Non-Doms need to take great care when fees are paid for services provided in the UK. Unintended tax charges can arise on a Non-Dom beneficiary or shareholder as a result of offshore trustees or directors paying fees to a UK advisor in respect of advice provided in the UK. The 'Services Exemption' may prevent a tax charge arising, but this only applies in certain limited circumstances.
Date: Jan 2010 | Filetype: PDF (111 KB)
Non-Doms – capital loss election
It is possible that Non-Doms may have realised capital losses during the 2008/09 tax year. Since April 2008 where these losses arise on assets situated outside the UK, tax relief may be available. Such relief is only available if the necessary election is made.
Date: Jan 2010 | Filetype: PDF (122 KB)
Employee Incentives Update: January 2010
Welcome to KPMG's quarterly Employee Incentives Update. In this edition the main article looks at the new and amended incentive plans put to shareholders by FTSE 350 companies in 2009 and the incentive plan outlook for 2010. We also give a round up of recent share plans and executive compensation developments, in the UK and abroad.
Date: Jan 2010 | Filetype: PDF (180 KB)
The Impact of Global Operational Taxes and Compliance Regulations on Financial Services Institutions
The use of increasingly sophisticated investment products across the global market place is growing. At the same time international investors are becoming more aware of the opportunities available to them. The ability to comply with UK and global tax regimes whilst ensuring that the appropriate withholding tax rates are made available to their clients is now of fundamental importance to financial services institutions operating in both the domestic and international markets.
Date: Jan 2010 | Filetype: PDF (80 KB)
Weekly Tax Matters 21 December 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Dec 2009 | Filetype: PDF (106 KB)
Weekly Tax Matters 14 December 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Dec 2009 | Filetype: PDF (101 KB)
Weekly Tax Matters 7 December 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Dec 2009 | Filetype: PDF (173 KB)
VAT Alert - The VAT Package: Are you ready for 2010?
Key changes to the European indirect tax system, collectively known as the VAT Package, will start to take effect from 1 January 2010. Changes to the place where services are supplied include a new general rule which treats most business to business (B2B) services as being supplied where the customer is established. As part of the
Date: Dec 2009 | Filetype: PDF (60 KB)
This week's headlines are:
Date: Dec 2009 | Filetype: Podcast
This week's headlines are:
Date: Dec 2009 | Filetype: Podcast
This week's headlines are:
Date: Dec 2009 | Filetype: Podcast
The last ten years could well become known as the “lost decade” for pensions, according to a new KPMG report.
Date: Dec 2009 | Filetype: PDF (215 KB)
KPMG PBR 2009 Personal Tax Commentary
KPMG's Personal Tax Analysis on the Chancellor's PBR 2009.
Date: Dec 2009 | Filetype: PDF (231 KB)
KPMG PBR 2009 Indirect Tax Commentary
KPMG's Indirect Tax Analysis on the Chancellor's PBR 2009.
Date: Dec 2009 | Filetype: PDF (154 KB)
KPMG's full PBR analysis on the Chancellor's PBR 2009.
Date: Dec 2009 | Filetype: PDF (877 KB)
KPMG PBR 2009 Employee Issues Commentary
KPMG's Employee Issues Analysis on the Chancellor's PBR 2009.
Date: Dec 2009 | Filetype: PDF (199 KB)
KPMG PBR 2009 Corporate Tax Commentary
KPMG's Corporate Tax Analysis on the Chancellor's PBR 2009.
Date: Dec 2009 | Filetype: PDF (406 KB)
Insight Tax - Autumn/Winter 2009
The content of this edition covers a number of issues that should be on your agenda and will affect most, if not all, businesses. We look at the online filing of corporation tax returns which will affect ALL Companies for periods ending after 31 March 2010 and will require a re-think as to the process surrounding the filing of tax returns. We also look at the VAT 2010 changes that become effective on 1 January 2010 - with the changes being implemented in just over a month it is critical you understand how your business will be impacted. Finally we challenge you to consider your transfer pricing policies and ask yourself whether legacy policies are still appropriate in rapidly changing economic times, and whether they can be reviewed and structured to be more tax efficient.
Date: Dec 2009 | Filetype: PDF (217 KB)
Our ‘Ready, Set, Go?' survey, testing the level of organisational awareness, readiness and impact of a number of changes to the UK tax environment, including the:
Date: Dec 2009 | Filetype: PDF (468 KB)
Weekly Tax Matters 16 November 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Nov 2009 | Filetype: PDF (122 KB)
Weekly Tax Matters 9 November 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Nov 2009 | Filetype: PDF (125 KB)
Weekly Tax Matters 30 November 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Nov 2009 | Filetype: PDF (248 KB)
Non-Doms and the “rebasing” election
There are now only 40 UK working days (39 in Scotland) until the deadline for the first tax returns of non-UK domiciled individuals (‘Non-Doms’) dealing with the Finance Act 2008 changes. This will also be the deadline for the ‘rebasing’ election for many offshore trusts.
Date: Nov 2009 | Filetype: PDF (82 KB)
This week's headlines are:
Date: Nov 2009 | Filetype: Podcast
High Court - The Medical Protection Society Limited
Date: Nov 2009 | Filetype: Podcast
Brief 68/09: Return of standard rate to 17.5 percent - measures to help business
Date: Nov 2009 | Filetype: Podcast
ECJ Judgment - AB SKF - Whether input tax can be deducted on disposal of shares in a subsidiary
Date: Nov 2009 | Filetype: Podcast
Weekly Tax Matters 23 November 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Nov 2009 | Filetype: PDF (102 KB)
Non-Doms and the Nominated Income Conundrum
There are now only 40 UK working days (39 in Scotland) until the deadline for the first tax returns of non-UK domiciled individuals (‘Non-Doms’) dealing with the Finance Act 2008 changes. This will also be the deadline for the ‘rebasing’ election for many offshore trusts.
Date: Nov 2009 | Filetype: PDF (74 KB)
.jpg)
On November 10, in a landmark development towards indirect tax reforms, the Empowered Committee releases the first discussion paper on GST
Date: Nov 2009 | Filetype: PDF (245 KB)
Bank account segregation for non-doms
It is vital that non-UK domiciled individuals (Non-Doms) and trust structures in which they are interested manage segregation of their bank accounts to allow tax efficiencies to be obtained. Without effective management, Non-Doms could suffer higher tax charges on funds remitted to the UK.
Date: Nov 2009 | Filetype: PDF (133 KB)
Everything Guide to Managing Costs
Knee-jerk cost-cutting actions may bring short-term benefits, but could leave your business too lean and ill-equipped to cope with changing conditions that may present revenue opportunities. As such, it’s imperative to understand how to optimise your costs rather than just to cut them. Businesses are increasingly being treated like consumers. So much so, that the ways in which a family manages its outgoings offer a good analogy for how a business, whatever the sector and size, manages its costs.
Date: Nov 2009 | Filetype: PDF (1,436 KB)
Weekly Tax Matters 2 November 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Oct 2009 | Filetype: PDF (110 KB)
KPMG's Survey of Directors’ Compensation 2009
The Survey provides a comprehensive overview of directors’ compensation arrangements in FTSE 350 companies, including salary, annual bonus and long-term incentives, as well as non-executive directors’ fees. The Survey highlights key features of directors’ compensation in 2009 and anticipates likely developments in the coming year.
Date: Oct 2009 | Filetype: PDF (896 KB)
VAT Alert: Reverse Charge on Carbon Trading
Further to our VAT Alerts issued on 28 July and 31 July regarding suspected VAT fraud in the carbon market and the UK’s interim zero-rating measures, the EU have announced a Community-wide temporary, optional reverse charge aimed at addressing the suspected fraud.
Date: Oct 2009 | Filetype: PDF (334 KB)
Non-Doms and the situs of assets for UK tax purposes
The situs of assets for tax purposes is key to determining an individual’s liability to UK taxation. This is particularly important where the individual is Non UK Domiciled (Non-Dom) and may claim the remittance basis.
Date: Oct 2009 | Filetype: PDF (141 KB)
ECJ Judgment - Swiss Re Germany Holding - Whether transfer of re insurance contracts exempt or taxable
Date: Oct 2009 | Filetype: Podcast
Brief 64/09 - VAT Treatment of postal services
Date: Oct 2009 | Filetype: Podcast
Brief 62/09 - Partial Exemption - VAT deduction by theatres on production costs
Date: Oct 2009 | Filetype: Podcast
UK First Tier Tribunal 215 - Lookers Motor Group Ltd - further analysis
Date: Oct 2009 | Filetype: Podcast
Weekly Tax Matters 26 October 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Oct 2009 | Filetype: PDF (124 KB)
Weekly Tax Matters 19 October 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Oct 2009 | Filetype: PDF (133 KB)
Weekly Tax Matters 12 October 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Oct 2009 | Filetype: PDF (135 KB)
Weekly Tax Matters 5 October 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Oct 2009 | Filetype: PDF (124 KB)
Issue 70: External publication of KPMG's UK M&A Tax Group, focusing on topical issues impacting transactions. In this issue: Capital gains rules for groups of companies; Restrictions on consortium relief found to infringe EU law; Anti-avoidance consultation; Current state of the debt cap rules; Companies Act 2006; Dutch Corporate Income Tax Act; ECJ ruling against 1.5 percent SDRT charge.
Date: Oct 2009 | Filetype: PDF (385 KB)
KPMG VAT Alert: AB SKF case – ECJ leaves most questions unanswered
The ECJ has just released its decision in AB SKF. This case considered whether the sale of shares in a subsidiary company by a parent involved in its management was a supply for VAT purposes, what liability should attach to that supply, and whether input tax incurred on the costs of sale should be deductible.
Date: Oct 2009 | Filetype: PDF (51 KB)
The Worldwide Debt Cap rules will restrict the tax relief for interest costs in many UK companies for accounting periods beginning on or after 1 January 2010. These rules are extremely complicated and are likely to impose a major burden on many groups. To assist you in managing your debt cap position, we have developed KPMG’s Debt Cap Tool.
Date: Oct 2009 | Filetype: PDF (1,937 KB)
Employee Incentives Update: October 2009
Welcome to KPMG's quarterly Employee Incentives Update. In this edition the main article looks at the key findings from KPMG's Survey of Directors' Compensation 2009, which analyses salary, bonus and incentives for directors of FTSE 350 companies. We also give a round up of recent developments and look at some overseas share plans and executive compensation developments.
Date: Oct 2009 | Filetype: PDF (196 KB)
Record Keeping for Offshore Trustees - Your “At a Glance” Guide
Following the Finance Act 2008 changes to the taxation of non-UK domiciled individuals (‘Non-Doms’), the nature of the records that offshore trustees will need to maintain to allow Non-Doms to comply with UK tax reporting requirements has changed considerably.
Date: Sep 2009 | Filetype: PDF (79 KB)
Financial Times: US resists £50 million VAT claim on embassy work
Date: Sep 2009 | Filetype: Podcast
UK First Tier Tribunal 215 - Lookers Motor Group Ltd
Date: Sep 2009 | Filetype: Podcast
Upper Tier Tribunal: Compound Interest Project decison
Date: Sep 2009 | Filetype: Podcast
Breaking News: Upper Tier Tribunal – Compound Interest Project
Date: Sep 2009 | Filetype: Podcast
Revenue & Customs Brief 57/09 - policy in respect of payback claims in Community Housing Association
Date: Sep 2009 | Filetype: PDF (458 KB)
Weekly Tax Matters 28 September 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Sep 2009 | Filetype: PDF (116 KB)
Weekly Tax Matters 21 September 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Sep 2009 | Filetype: PDF (120 KB)
Weekly Tax Matters 14 September 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Sep 2009 | Filetype: PDF (118 KB)
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Sep 2009 | Filetype: PDF (106 KB)
Senior Accounting Officers Certification of Tax Accounting Arrangements - Are you ready?
Senior Accounting Officers (SAO) of approximately 2,000 of the largest companies in the UK are to be held personally responsible for the adequacy of the framework of responsibilities, policies, appropriate people and procedures in place for managing tax compliance risk, as well as the systems and processes which put this framework into practice.
Date: Sep 2009 | Filetype: PDF (245 KB)
VAT Alert - Compound Interest Project Decision Released
The Upper Tribunal has released its decision in John Wilkins (Motor
Date: Sep 2009 | Filetype: PDF (69 KB)
David Baxendale - Court of Appeal decision - Taxpayer loss
Date: Aug 2009 | Filetype: Podcast
Weekly Tax Briefing 17 August 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Aug 2009 | Filetype: PDF (107 KB)
Weekly Tax Briefing 10 August 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Aug 2009 | Filetype: PDF (96 KB)
Weekly Tax Briefing, 3 August 2009
A weekly newsletter which covers the latest issues in taxation and government announcements relating to tax matters.
Date: Aug 2009 | Filetype: PDF (114 KB)
First Tier Tribunal Cases:
Date: Aug 2009 | Filetype: Podcast
HMRC's updated Fleming guidance released
Date: Aug 2009 | Filetype: Podcast
.jpg)
Issue 69: External publication of KPMG's UK M&A Tax Group, focusing on topical issues impacting transactions. In this issue: Update on the late paid interest rules; Hidden stamp duty cost on debt guarantees; Degrouping charge for loan relationships; Preference shares and tax degrouping; Capital gains rules for groups of companies; HMRC attack on deal fee VAT recovery.
Date: Aug 2009 | Filetype: PDF (297 KB)
VAT Alert: Zero-rating of emissions allowances
Further to our VAT Alert issued on 27 July regarding suspected VAT fraud
Date: Jul 2009 | Filetype: PDF (62 KB)
Environmental Taxation: Some Options
KPMG's Tax Business School® in the UK responds to the Chartered Institute of Taxation's 'Green Tax Report'.
Date: Jul 2009 | Filetype: PDF (36 KB)
Brief 44/09 - Changes to option to tax and connected persons rules
Date: Jul 2009 | Filetype: Podcast
Purple Parking - UK FTT 152 - airport park and ride
Date: Jul 2009 | Filetype: Podcast
Senior Accounting Officer - Draft Guidance released
Date: Jul 2009 | Filetype: Podcast
European Commission calls for a harmonised application of the VAT grouping rules
Date: Jul 2009 | Filetype: Podcast
Commission requests the UK to modify legislation on exemption for aircraft
Date: Jul 2009 | Filetype: Podcast
KPMG VAT Alert - Suspected VAT Fraud in the Carbon Markets
The nascent carbon markets have grown rapidly since their inception in the mid-2000s, and in particular have seen an explosion in volumes on the spot market this year. The spot market has been hit by rumours of VAT carousel fraud in a number of Member States originating in France. This has prompted a range of responses from Member States, from exemption in France to the restriction of VAT recovery by those who knew or should reasonably have known of the fraud in the UK.
Date: Jul 2009 | Filetype: PDF (65 KB)
The content of this newsletter is based on the announcements made in the Budget 2009 relating to personal tax rates and reliefs. We look at the new 50% higher tax rate and removal of tax relief on pension contributions for higher rate tax payers and provide insight as to how this is affecting companies thinking around overall remuneration strategies, whether these be cash, longer term incentives (including equity) and pension benefits. Finally we look at the new Senior Accounting Officer (‘SAO’) sign off requirements.
Date: Jul 2009 | Filetype: PDF (136 KB)
Executive Compensation Update: July 2009
In this edition the main article looks at managing the cost of employee compensation and benefits, including tax cost following Budget 2009. We also give a round up of recent developments and look at what is happening abroad, including significant changes to Australian tax rules and Russian securities law.
Date: Jul 2009 | Filetype: PDF (126 KB)
Given the speed with which matters have moved in the early part of 2009, this document provides a summary of current events and initiatives in the regulation of offshore fi nancial centres.
Date: Jul 2009 | Filetype: PDF (448 KB)
IPT Alert: Homeserve IPT Decision released
Homeserve Membership Ltd v Commissioners for HMRC (CH/2008/APP/0631) – Should arrangement and administration fees be regarded as a payment received
Date: Jun 2009 | Filetype: PDF (74 KB)
C-572/07 RLRE Tellmer Property ECJ Judgment - liability of separately invoiced cleaning of common parts
Date: Jun 2009 | Filetype: PDF (51 KB)
ECJ Judgment C-566/07 Stadeco – Whether Member States can insist on supplier issuing credit notes when refunding overpaid VAT
Date: Jun 2009 | Filetype: Podcast
Proposal to amend various parts of the Directive
Date: Jun 2009 | Filetype: Podcast
Rank Group High Court Decision – The treatment of mechanised bingo and gaming machines breached fiscal neutrality – HMRC appeals dismissed
Date: Jun 2009 | Filetype: Podcast
Proposal to Amend Various Provisions of the VAT Directive - the end of Lennartz for property
Date: Jun 2009 | Filetype: Podcast
Frontiers in Tax; The big squeeze
Damian Preshaw, Kari Pahlman, Robert Clair and Erica Howard discuss how tax authorities are likely to take a tougher line on transfer pricing rules with offshore hedge funds and private equity firms at a time when many are
Date: Jun 2009 | Filetype: PDF (612 KB)
Restructuring operations and contractual arrangements under OECD business restructuring
The purpose of this article is to delineate the guiding principles and approaches that can be used in a depressed/recessionary economy whilst respecting the Arm’s Length Principle (ALP) underpinning the OECD Guidelines and OECD Draft.
Date: Jun 2009 | Filetype: PDF (114 KB)
Overseas parented groups should consider granting tax-qualified share options under an HMRC approved company share option plan (CSOP) in the UK. CSOP options are generally not subject to income tax or national insurance contributions, offering real tax advantages to UK participants.
Date: Jun 2009 | Filetype: PDF (422 KB)
HM Revenue and Customs (HMRC) has made it compulsory for all organisations filing CT600s, regardless of size or ownership status, to file both entity accounts and tax returns for accounting periods ending after 31 March 2010 online in an electronic format called iXBRL.
Date: Jun 2009 | Filetype: PDF (158 KB)
In this edition we seek to examine the impact amd some of the consequences of the recent turmoil in the financial markets, and we think beyond the current drama to identify some of the longer term tax risks and opportunities.
Date: Jun 2009 | Filetype: PDF (484 KB)
IPT Compliance Reviews and Healthchecks
KPMG’s IPT Compliance Reviews & Healthchecks can help you to be IPT compliant and help protect your reputation and status in the market.
Date: Jun 2009 | Filetype: PDF (1,035 KB)
To ensure that your IPT compliance achieves a high level of accuracy, we can help you gather and maintain bespoke tax rate data for your insurance products and also offer you the latest regulatory information for the countries in which you cover risks.
Date: Jun 2009 | Filetype: PDF (949 KB)
UK IPT Compliance is designed to assist you with all you need to know about UK IPT and so help you fulfi l your compliance obligations.
Date: Jun 2009 | Filetype: PDF (143 KB)
IPT Connect is a tailored compliance solution that assists captive insurers writing insurance business across Europe (and globally) to meet their fi ling obligations with the relevant tax authorities.
Date: Jun 2009 | Filetype: PDF (470 KB)
Mergers & Acquisitions and IPT
The liability to account for IPT to the tax authorities will usually rest with the insurer. Any M&A transaction involving insurance companies should therefore include a review of potential IPT exposures as part of the due diligence process.
Date: Jun 2009 | Filetype: PDF (988 KB)
KPMG’s IPT Compliance Service is a centralised European and Global IPT compliance offering that includes a fi scal representative function which can assist insurance and reinsurance companies fulfi l their overseas premium and parafi scal tax (“IPT”) compliance obligations, namely fi ling IPT returns.
Date: Jun 2009 | Filetype: PDF (1,045 KB)
Our approach can be tailored to the types of insurance products you offer and can assist in building team awareness and understanding of IPT compliance requirements and common issues. If required, we can also assist you in drafting/updating appropriate internal guidance.
Date: Jun 2009 | Filetype: PDF (94 KB)
The content of this newsletter surrounds some topical tax issues. It adds some insight into the new worldwide debt cap rules and the new foreign profits regime which together make up some of the most significant changes the UK corporation tax system has seen in recent years. Furthermore the newsletter also discusses some of the key tax considerations of debt to equity conversions, which we are now seeing more frequently as highly geared companies seek to ease the burden of restructuring their debt.
Date: Jun 2009 | Filetype: PDF (303 KB)
VAT Alert: Compound Interest on VAT Claims - High Court Judgment Released
The High Court has released judgment in the VIC GLO, the first case to consider the rights of taxpayers to claim compound interest on VAT overpaid.
Date: May 2009 | Filetype: PDF (52 KB)
* Finance Bill 2009: VAT supplementary charge and orders changing rate
Date: May 2009 | Filetype: Podcast
High Court Judgment – InsuranceWide.com and Trader Media Group – taxpayer win
Date: May 2009 | Filetype: Podcast
VIC GLO on compound interest
Date: May 2009 | Filetype: Podcast
Finance Bill 2009 released
Date: May 2009 | Filetype: Podcast
VAT Alert: Online insurance introductory services can be exempt
This case concerned the scope of the insurance intermediary exemption. Customers were attracted to the websites because of the taxpayers’ reputation in the market as facilitators for the obtaining of insurance.
Date: May 2009 | Filetype: PDF (55 KB)
The 50% income tax rate (or even 60% for some)
The 2009 Budget announced a much higher income tax rate rise than anticipated and the rise is also being brought forward by one year. From April 2010 the top rate of income tax of 50% (42.5% on dividends) will be payable on income over £150,000. Find out how KPMG's Private Client practice can help to mitigate the impact of the increased tax rates.
Date: May 2009 | Filetype: PDF (86 KB)
KPMG is one of the UK's leading advisers on employee incentives and executive compensation. We have a multi-disciplinary team, able to advise on the tax, regulatory, accounting, design, market practice and corporate governance aspects of UK and global incentive plans. Our practice brochure describes what we do, from drafting plans to advising on total compensation strategy.
Date: May 2009 | Filetype: PDF (145 KB)
Direct Taxes or Indirect Taxes?
KPMG's Tax Business School® in the UK considers the relative merits of these two approaches to taxation."
Date: May 2009 | Filetype: PDF (218 KB)
Tax in Turbulent Times - what is the priority for tax?
Continuing with The Tax Journal's series on ‘Tax in Turbulent Times’ Chris Scott and
Date: Apr 2009 | Filetype: PDF (2,254 KB)
Budget 2009 Indirect Tax Commentary
Date: Apr 2009 | Filetype: Podcast
'Self study' units on the new penalty regime
Date: Apr 2009 | Filetype: Podcast
Partial Exemption Simplification
Date: Apr 2009 | Filetype: Podcast
Brief 18/09 on changes to BDR
Date: Apr 2009 | Filetype: Podcast
KPMG Budget 2009 Personal Tax Commentary
KPMG's Personal Tax Analysis on the Chancellor's Budget 2009.
Date: Apr 2009 | Filetype: PDF (1,140 KB)
KPMG Budget 2009 Indirect Tax Commentary
KPMG's Indirect Tax Analysis on the Chancellor's Budget 2009.
Date: Apr 2009 | Filetype: PDF (841 KB)
KPMG Budget 2009 Full Commentary
KPMG's full Budget analysis on the Chancellor's Budget 2009.
Date: Apr 2009 | Filetype: PDF (4,450 KB)
KPMG Budget 2009 Employee Issues Commentary
KPMG's Employee Issues Analysis on the Chancellor's Budget 2009.
Date: Apr 2009 | Filetype: PDF (482 KB)
KPMG Budget 2009 Corporate Tax Commentary
KPMG's Corporate Tax Analysis on the Chancellor's Budget 2009.
Date: Apr 2009 | Filetype: PDF (2,076 KB)
KPMG's Budget Rates and Allowances Card 2009/10
The following information in KPMG's Budget Tax Card is based on proposals set out by the Chancellor in his Budget of 22 April 2009 but is subject to amendment in the Finance Bill.
Date: Apr 2009 | Filetype: PDF (816 KB)
Chancellor's Budget 2009 Highlights
KPMG summarise the main highlights resulting from the Chancellor's Budget 2009.
Date: Apr 2009 | Filetype: PDF (170 KB)
KPMG's Corporate Tax Compliance brochure
Download KPMG's Corporate Tax Compliance brochure and find out how we make the compliance process personal.
Date: Apr 2009 | Filetype: PDF (1,115 KB)
Executive Compensation Update: April 2009
Welcome to KPMG’s quarterly Executive Compensation Update. In this edition the main article looks at current issues in corporate governance, where we highlight some of the significant developments for UK companies concerning remuneration policy and examine the Financial Services Authority (FSA) code of practice on remuneration policy. We also give a round up of recent developments and look at what is happening abroad.
Date: Apr 2009 | Filetype: PDF (228 KB)
Revenue & Customs Brief 14/09 - VAT repayment claims and Statutory Interest - Treatment for the purposes of Direct Tax
Date: Mar 2009 | Filetype: Podcast
Reduced Rates - Political agreement reached at ECOFIN meeting
Date: Mar 2009 | Filetype: Podcast
J D Wetherspoon Plc. - ECJ Judgment
Date: Mar 2009 | Filetype: Podcast
Personal Taxation in the Recession
KPMG's Tax Business School® in the UK examines ways in which the tax landscape has been changed for individuals by the current recession.
Date: Mar 2009 | Filetype: PDF (98 KB)
Budget set for Wednesday 22 April
Date: Feb 2009 | Filetype: Podcast
David Baxendale Ltd. - High Court Decision
Date: Feb 2009 | Filetype: Podcast
Are you ready for a second UK tax "amnesty"?
In the Pre-Budget Report issued on 24 November 2008 the UK Government announced that HM Revenue and Customs (HMRC) will be giving offshore bank account holders a new opportunity in 2009 to disclose irregularities in their tax affairs. A further announcement will be made in early 2009.
Date: Feb 2009 | Filetype: PDF (372 KB)
Executive Compensation Update: Special Edition January 2009
This special edition of Executive Compensation Update looking at new and amended share plans put to shareholders of FTSE 350 companies in 2008.
Date: Feb 2009 | Filetype: PDF (736 KB)
HMRC 05/2009 M&S Plc Judgment: VAT claims and unjust enrichment
Date: Jan 2009 | Filetype: Podcast
Marks & Spencer House of Lords Decision
Date: Jan 2009 | Filetype: Podcast
Revenue & Customs Brief 2/2009 – VAT package and anti-fraud measures implementation update
Date: Jan 2009 | Filetype: Podcast
The Raj Restaurant & Others Court of Session decision
Date: Jan 2009 | Filetype: Podcast
UK Tax Competitiveness Survey 2008: Riding the Storm
For the third year running, KPMG LLP (UK) commissioned business advisers Lighthouse Global to conduct an independent research study into the competitiveness of the UK tax regime.
Date: Jan 2009 | Filetype: PDF (728 KB)
HMRC Brief on excess car park charges
Date: Dec 2008 | Filetype: Podcast
VAT Rate Change - What's New Guidance from HMRC
Date: Dec 2008 | Filetype: Podcast
Insight Tax - Issue 8 - December 2008
Issue 8 of Insight Tax covers a technical update on 'Changes Within HMRC, 'The Bigger Picture HMRC Framework for Large Businesses' and 'How will you respond 6 to HMRC’s Changes'.
Date: Dec 2008 | Filetype: PDF (110 KB)
KPMG's Pre-Budget Report 2008 Full Commentary
KPMG's full commentary on the Pre-Budget Report 2008
Date: Dec 2008 | Filetype: PDF (936 KB)
Issue 68 - External publication of KPMG's UK M&A Tax Group, focusing on topical issues impacting transactions. In this issue: Johnston Publishing case; Disclosure of Tax Avoidance Schemes; SDLT - a degrouping charge where the transferee remains in group; Acquisition of a debt portfolio using a Luxembourg company; Issues for corporate and financial investors investing in Indian companies; DCC Holdings (UK) Limited v Commissioners for HMRC.
Date: Dec 2008 | Filetype: PDF (562 KB)
Chancellor's Pre-Budget Report 2008 Highlights
Get a snapshot view at the Chancellor's Pre-Budget Report 2008 highlights.
Date: Dec 2008 | Filetype: PDF (426 KB)
This week's headlines are:
Date: Nov 2008 | Filetype: Podcast
Pre-Budget Report date announced
Date: Nov 2008 | Filetype: Podcast
This week's headlines are:
Date: Nov 2008 | Filetype: Podcast
KPMG's Service Offerings for Reducing VAT costs: Pension Funds
In the current economic climate, where cost control is critical, KPMG recognise it is important for pension funds to minimise VAT inefficiencies. How can this
Date: Nov 2008 | Filetype: PDF (114 KB)
Issue 67: External publication of KPMG's UK M&A Tax Group, focusing on topical issues impacting transactions. In this issue: EEA cross-border mergers and transfers of businesses; Retention of key executives and employees post-acquisition; New German earnings stripping rules: refresher and impact on transactions; VAT reclaims;
Date: Oct 2008 | Filetype: PDF (286 KB)
Focusing on topical issues impacting transactions. In this issue: CGT de-grouping charge - associated companies exception - Court of Appeal decision; Foreign exchange and intra-group loans; Mr & Mrs Snell v HMRC - s703 ICTA - Main Object; Proposed changes to Swedish interest deduction rules; Corporate Migration; Kellogg Brown & Root Holdings Ltd. Issue 66 - August 2008.
Date: Aug 2008 | Filetype: PDF (266 KB)
This summer edition of Insight Tax newsletter, aims to provide you with a regular update on recent tax news, issues and developments that could impact your business. This issue includes articles on the taxation of foreign profits; protecting and enhancing your wealth; an update on transfer pricing enquiries; and tax reclaims on overpaid VAT.
Date: Jul 2008 | Filetype: PDF (246 KB)
The influence of EU law on tax systems across Europe is growing. Individuals and corporates are increasingly making use of EU law in order to challenge the legality of member state tax rules. Changes to member states tax rules are being driven by the influence of EU law. This document considers the implications of some recent developments in EU law and recent EU tax cases for any entity involved in stock lending arrangements.
Date: Jun 2008 | Filetype: PDF (780 KB)
KPMG’s Tax Business School Executive Summary - Developing the Concept of Tax Governance
A discussion paper by David F Williams of KPMG’s Tax Business School in the UK.
Date: May 2008 | Filetype: PDF (71 KB)
Tax and Corporate Social Responsibility
A discussion paper by David F Williams of KPMG’s Tax Business School in the UK.
Date: Apr 2008 | Filetype: PDF (71 KB)
ECJ - Danfoss and AstraZeneca - Free of charge meals to staff and business contacts
Date: Jan 2008 | Filetype: Podcast
Tax and Corporate Social Responsibility
This paper examines the relationship between a company’s approach to its tax liabilities and its attitude to corporate social responsibility.
Date: Sep 2007 | Filetype: PDF (831 KB)
From debate to action–drawing the lines and finding the balance–legislation, principles and codes
On 25 May 2006 some 60 participants met at the Hilton Hotel in London’s Park Lane for a symposium organised by KPMG’s Tax Business School® under the title ‘From debate to action – drawing the lines and finding the balance – legislation, principles and codes’. This paper summarises the debate and identifies the conclusions.
Date: Jul 2007 | Filetype: PDF (246 KB)
KPMG's Tax Business School - Tax governance and its impact on risk assessment
The focus of discussion at this year’s KPMG’s Tax Business School® Symposium was to debate the importance of corporate tax governance and how a strong, sustainable, responsible tax policy can build value for stakeholders. Particular focus for the debate was to discuss how tax governance could link into HMRC’s approach to risk assessment.
Date: Jul 2007 | Filetype: PDF (186 KB)
EU law based claims for UK Pension Funds
Individuals and Corporates are increasingly making use of EU law in order to challenge the legality of member state tax rules. This approach extends to UK Pension Funds. This document provides a summary of claims which, if successfully pursued, should result in significant payments to UK Pension Funds.
Date: Jan 2007 | Filetype: PDF (874 KB)
A Code of Conduct for the Tax Arena
This paper, written by Robyn Pellew at KPMG's Tax Business School, highlights the potential advantages of a non legislative solution to some of the current frustrations with the UK tax system. The paper advocates the use of a Code of Conduct between taxpayers, tax professionals and HM Revenue & Customs (“HMRC”) as a way to create standards for behaviour which may in turn improve both the integrity of the system and trust between the stakeholders.
Date: Feb 2006 | Filetype: PDF (238 KB)
This paper has been written to provide an overview of research relating to taxation undertaken by academics in several different disciplines. Research from the disciplines of
Date: Aug 2005 | Filetype: PDF (2,868 KB)
The Philosophy of Tax Executive Summary
The paper brings together issues arising from research on taxation in the disciplines of philosophy, psychology, law, economics and the social sciences. It looks particularly at the subjects of tax avoidance, and of the effect that perceptions of the tax system by taxpayers and tax administrators have on compliance and on tax policy.
Date: Jun 2005 | Filetype: PDF (100 KB)