Managing the Global Mobility Function 2012: Now Available
Tag Archive
United Kingdom – Changes to Short-term Business Visitors Agreement Published
Her Majesty’s Customs & Revenue (HMRC) in the United Kingdom has published a new “Short Term Business Visitors (Appendix 4) agreement.” In this Flash International Executive Alert we briefly describe important changes introduced by this new agreement. Background Many companies use a Short Term Business Visitors (Appendix 4) agreement to reduce the burdens... »
United Kingdom: HMRC Warns About Renewed Tax Rebate Phishing
Fraudulent attempts to obtain personal details of U.K. taxpayers have been the subject of several reports in our Flash International Executive Alert newsletters. HM Revenue & Customs (HMRC) in the U.K., this week, has issued a further warning to taxpayers not to respond to e-mail scams which have been sent following the recent U.K.... »
United Kingdom: Changes Floated to Short-Term Business Visitors Agreement
Her Majesty’s Revenue & Customs (HMRC) is proposing to amend the U.K.’s Short-Term Business Visitors (Appendix 4) agreement. Many companies use Appendix 4 agreements to reduce the burdens of payroll withholding and reporting requirements in respect of short-term business travellers to the U.K. who benefit from relief under double taxation agreements. Overview The current... »
United Kingdom: Parliamentary Group Recommends Delaying Introduction of RTI
The All-Party Parliamentary Taxation Group (APPTG), on 12 July 2012, issued a report entitled “PAYE at the Crossroads”, ahead of the introduction in the U.K. of Real Time Information (RTI). PAYE (Pay As You Earn) is the name given to U.K. withholding. In its report, the APPTG expresses caution with respect to rushing to... »
United Kingdom: Case Looks at Salary Sacrifice Arrangement
The decision from the United Kingdom’s First-tier Tribunal (FTT) in the case of Reed Employment plc (and other Reed Group companies) v The Commissioners for HM Revenue and Customs has now been issued1. The decision has resulted in a £158 million liability for tax, social security, and interest for the company that was a... »
United Kingdom: Draft Regs on Withholding on Earnings after Employment
Her Majesty’s Revenue & Customs (HMRC) has published draft regulations about U.K. tax withholding on earnings received after cessation of employment. HMRC had previously announced that, with effect from 6 April 2012, it intends to bring the tax withholding on share-based earnings into line with all other cash payments to former employees2. The draft... »
United Kingdom-Hungary: Tax Treaty to Enter into Force
Her Majesty’s Revenue & Customs (HMRC) in the United Kingdom has confirmed that the new income tax convention between the U.K. and the Republic of Hungary, which was signed in Budapest on 7 September 2011, will enter into force on 28 December 2011.1 The full text of the convention can be found on the... »
United Kingdom: Report on General Anti-Avoidance Rule
The U.K. government has published a report recommending the introduction of a general anti-avoidance rule (GAAR) in the United Kingdom.1 The report was written by Graham Aaronson QC, based on advice from an advisory panel including current and retired judges, academics, and a representative from business. The main conclusions of the report are noted... »
United Kingdom Court Ruling in Gaines-Cooper, Issue of Residence
The U.K. Supreme Court has issued its judgement on the Davies and Gaines-Cooper cases. In this article we provide some background on the cases (especially Gaines-Cooper) and describe the rulings of the Supreme Court. Background Mr. James and Mr. Davies together in the Davies case, and Mr. Gaines-Cooper sought judicial review of a determination by HMRC that... »
United Kingdom: HMRC Targets Wealthy Individuals with Overseas Property
Her Majesty’s Revenue & Customs (HMRC), the U.K. tax authority, has announced that it has set up an “affluent team,” a new 200-strong team of investigators and specialists who have been tasked with investigating wealthy U.K. individuals who own overseas property. The newly-formed team is using sophisticated “data mining” techniques to obtain details of... »