ÀÏ˾»úÎçÒ¹¸£Àû

Tax News

Brexit Bulletin—ESC reports on EU policy areas of UK significance, including cybersecurity, data adequacy, market access for goods under the Northern Ireland Protocol, and transparent tax reporting

Published on: 24 March 2021
Published by a

Specialist Tax Regulatory Materials

Article summary

The European Scrutiny Committee (ESC) has published its 40th report on recent draft EU legislation and policy documents deposited in Parliament by the government. The ESC gauges the legal and political importance of each legislative proposal, document or policy and, where appropriate, inquires further on its implications and/or recommends it for debate in Parliament. Subjects identified as legally and/or politically important in this instance include the European Commission's cybersecurity strategy and a proposal for a revised Network and Information Systems Directive, the draft data adequacy decisions for the UK proposed by the European Commission, market access for goods under the Northern Ireland Protocol, and the public country-by-country tax reporting of multinationals in the EU.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Popular Articles

Relief for employee share schemes

Relief for employee share schemesRemuneration expenses are generally deductible for corporation tax purposes as they are considered to be incurred wholly and exclusively for the purposes of the trade. However, expenses relating to shares are usually classed as capital and are therefore not

14 Jul 2020 13:21 | Produced by Tolley Read more Read more

Payment of the remittance basis charge

Payment of the remittance basis chargeRemittance basis chargeThe remittance basis charge is an annual charge payable by ‘long-term’ UK residents for the privilege of claiming the remittance basis.Taxpayers who wish to utilise the remittance basis (but do not qualify for it automatically) must pay

14 Jul 2020 12:52 | Produced by Tolley Read more Read more

Real estate investment trusts (REITs)

Real estate investment trusts (REITs)Introduction to REITsA real estate investment trust (REIT) is in fact not a trust at all, it is a company which qualifies for special tax treatment under CTA 2010, Part 12. REITs are similar in many ways to collective fund vehicles (such as unit trusts) in that

14 Jul 2020 13:04 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax Read more Read more