In the ever-evolving world of taxation, staying informed and prepared is paramount. We are pleased to present issue 22 of Tax Refresher, our bi-monthly newsletter, tailored specifically for large corporate and international businesses, to keep you in the know about the latest developments and challenges in the tax landscape.
We understand the complexities and challenges of the
ever-changing tax landscape. Our goal is to provide you with the knowledge and
resources you need to navigate this terrain successfully.
In this issue, you’ll find the following key topics:
Global rules designed to enforce 15% minimum tax rate in every jurisdiction. Over 140 jurisdictions have already signed up to these rules, with more expected.
We delve into a diverse range of topics from Belgium's implementation of public country-by-country reporting to the intricate considerations of BEPS 2.0 Pillar 2, our articles provide insights into the evolving regulatory frameworks. Discover how OECD projects the implementation of GLOBE could yield substantial revenue gains and unravel the complexities surrounding VAT and intercompany recharges. Furthermore, we highlight an important HMRC decision emphasising the significance of ownership for import VAT reclaim and explore the intersection of tax within ESG considerations. Stay informed about changing corporate tax rates in 2024, navigate customs compliance with our audit pack, and learn about VAT exemption for payments.
The Chancellor, Jeremy Hunt, delivered his Spring Budget on 6 March, where he set out the Government's tax and spending plans, accompanied by a fiscal forecast from the OBR. Stay updated on the latest economic policies in our dedicated Spring Budget 2024 hub.
Stay informed, stay compliant, and stay ahead with our Tax Refresher newsletter. For any questions or further assistance, please don't hesitate to reach out to our team of tax experts.
Watch our key updates on the UK economy
Will the Spring Budget 2024 boost UK economic growth?
Spring Budget 2024: Key Tax Changes
Belgium Enacts Law Implementing Public Country-by-Country Reporting Directive
Read more
OECD Projects GloBE Implementation to Yield Up to USD 192 Billion Annual Revenue Gain
Read more
Important HMRC decision highlights importance of ‘Ownership’ for import VAT reclaim
Read more
Get in touch
As ever, if there are any points you wish to discuss further from this issue, please get in touch with a member of our Corporate Tax team.
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