HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...
READ MOREOECD tax overhaul would see profits taxed by jurisdiction
The OECD is consulting on plans for a major change to the international rules on taxing multinationals (MNEs), including digital companies, so that they pay tax wherever they have significant consumer-facing activities and generate their profits.
The proposal, which will be put to the meeting of G20 Finance Ministers and Central Bank Governors in Washington DC next week, is based on work from OECD’s base erosion and profit shifting (BEPS) network, and seeks to bring together common elements of three competing proposals from member countries.
Read more at the Accountancy Daily.
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NICs increase has immediate impact on business
Research of more than 1,100 UK employers by the British Chambers of Commerce has uncovered a series of negative...
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Digital platform reporting rules to start January 2024
New reporting rules for digital platforms will be implemented from 1 January 2024, said the HMRC.
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