Type: Legislation Since Making Tax Digital for VAT went into effect in 2019, there have been several waves of taxpayers converting to the new API-based e-filing system. The previous manual...
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United Kingdom
New TP doc requirements for UK MNEs
April 4, 20230
In April 2023, the United Kingdom will implement new transfer pricing documentation regulations that align with the G20/OECD Base Erosion and Profit Shifting (BEPS) Action Plan. This change is put in place...
UK tender for VAT split payments on foreign e-commerce
November 14, 20220
Type: Trend UK’s HMRC has published a request for information (RFI) to gather opinions on the general specifications and planned procurement procedure for the creation of a proof-of-concept for the...
Type: Draft Legislation Her Majesty’s Revenue & Customs (HMRC), the UK’s tax authority, is aiming to digitalize and modernize tax reporting and management. The first tax to go digital is...
DAC6 Implementation
February 4, 20220
Type: Legislation The UK might limit DAC6 disclosures after Brexit. While the UK will generally stick to EU regulations, DAC6 is considered too broad to be effective and should be...
Type: Legislation, Trend The United Kingdom has adopted the Making Tax Digital reforms for the VAT in 2019. Businesses over the VAT threshold are now required to administrate VAT records...