ÀÏ˾»úÎçÒ¹¸£Àû

Tax News

Commission opens roadmap on introduction of digital levy for feedback

Published on: 20 January 2021
Published by a

Specialist Tax Regulatory Materials

news-detailpage-img

Article summary

The European Commission has opened the feedback period for its proposed initiative to introduce a digital levy to address the issue of fair taxation of the digital economy. The initiative proposes the introduction of an EU-wide digital tax but states that this should not interfere with the ongoing work of the OECD on a reform of the international corporate tax framework, and accordingly must be compatible with any agreement reached by OECD in addition to wider international obligations. The roadmap is open for feedback until 11 February 2021.

Jurisdiction(s): European Union

Popular Articles

Wholly and exclusively

Wholly and exclusivelyFor both income tax and corporation tax purposes, one of the fundamental conditions that must be satisfied for an item of expenditure to be deductible, is that it must incurred ‘wholly and exclusively’ for the purposes of the trade, profession or vocation. References to CTA

14 Jul 2020 14:00 | Produced by Tolley Read more Read more

Reverse charge ― buying in services from outside the UK

Reverse charge ― buying in services from outside the UKThis guidance note covers the reverse charge that applies to services that have been bought in from outside the UK. For an overview of VAT and international services more broadly, see the International services ― overview guidance note. For

15 Dec 2020 14:02 | Produced by Tolley Read more Read more

Maintenance payments

Maintenance paymentsMaintenance payments are payments made by a taxpayer to their former or separated spouse / civil partner for the maintenance of that person or their children. To obtain any tax relief for maintenance payments, one of the couple must have been born before 5 April 1935 and the

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