Category Archives: International

A Picture of Aidan Roberson - Tax Manager

There is a legal “Requirement to Correct” by September 2018, and anyone who does not do so will face penalties for “Failure to Correct” of between 100% and 200% of the tax at stake. In the worst cases there are additional penalties of 10% of the value of the offshore asset and naming and shaming on HMRC’s website.

HMRC’s war on offshore assets

- aroberson@goodmanjones.com

Posted on 16th November 2017

Categories:
0
A Picture of Graeme Blair - Partner

A practical consequence of an exit will be cessation of access to the parent-subsidiary directive and the interest and royalties directives. These directives are designed to allow for flow of funds between member states without withholding taxes. After March 2019 the terms of the tax treaty between the UK and the relevant counter party will govern the extent that withholding taxes will apply.

How might Brexit impact UK businesses?

- gblair@goodmanjones.com

Posted on 27th July 2017

Categories:
0