Brown Stands Against EU Tax Chancellor will make rare appearance at EU council of finance minister, will reject French plan of harmonising taxes as bringing no benefits, Europe needs radical deregulation for economic revival 30.01.07 Guardian, Business Regulation, EU Law
Reverse Charge VAT 'Headache' HMRC admits new system of reverse charging VAT on imported goods prone to missing trader (MTIC) fraud will be difficult for legitimate traders, plans to implement reform by 1 December 19.09.06 BBC, Carousel Fraud, UK Tax, VAT
Swoop on VAT Fraudsters In first combined cross-border operation,HMRC and German authorities seize 30k mobile phones in Hamburg, believed to be used in carousel or MTIC fraud, further cooperative efforts likely 04.09.06 BBC, Carousel Fraud, VAT
VAT Fraud EU tax commissioner Laszlo Kovacs says states need to coordinate efforts to counter carousel or MTIC fraud, 'root and branch' reform would be too complex, take too long 30.05.06 Guardian, Carousel Fraud, Fraud, VAT
ECJ Tax Law EU court is driving tax law in important areas, loss reliefs, anti-avoidance, finance leases, dividend tax, but direction of judgments is not toward harmonisation 24.04.06 Financial Times, EU Law, UK Tax
Jersey VAT Island to close loophole on allowing 'low value consignments' to be imported into EU free of VAT, used by retailers to distribute DVDs 01.03.06 Financial Times, VAT
EU Dividend Withholding Tax ECJ has given its decision in Denkavit (C170/05), case concerned French law, which levied a withholding tax on dividends paid by a French company to its Dutch parent but not on dividends paid to a French parent, was in breach of EU law 17.12.06 Law Now, Company Tax, UK Tax
New VAT Rules to Fight Fraud HMRC is applying for a derogation from the 6th EU VAT Directive to allow for the introduction of reverse charge accounting, responsibility of the purchaser, rather than the seller, to account for VAT on the transaction, applies to mobiles, CPUs, goods used in MTIC or 'carousel' fraud 18.09.06 HM Revenue & Customs Press Release, Carousel Fraud, Fraud, VAT
Investment Funds VAT European Court of Justice rules in Abbey National & Inscape v HMRC that although depository services remain taxable, administration services are exempt from VAT, millions of pounds likely to be saved by fund providers, Court also ruled definition of "funds management" for collective funds to be standardised in EU 10.05.06 Law Now, Collective Investment Schemes, Financial Services, VAT
Legal Day Table
Jobs Now
LEGAL DIRECTOR Sought for challenging in-house position with Myspace, the online space which has revolutionized the way people interact, as sole attorney in their London office More >>
HEALTHCARE LAWYER With at least 5 years PQE sought by Capsticks, a leading healthcare practice, to drive forward the development of their Birmigham based office More >>
PI PARALEGAL Required by Plexus Law, a specialist PI firm, to provide in-house support to the Motor Claims Department in their Folkstone offices More >>
NETWORK ENGINEER Sought by Personnel 2000 for their client, an international banking insurance provider, based in the Cayman Islands More >>
LEGAL SECRETARY Required by Law Choice for their client, a prestigious US law firm, to work for 2 partners in their Dubai offices More >>
ECJ Rules on Tax on Dividends European court has ruled for BAT and other multinationals on treatment of Advanced Corporation Tax (ACT) - abolished by Brown in 1997 - in respect of dividends paid across EU state borders 13.12.06 Financial Times, Company Tax, UK Tax
Duty Free Delivered to Your Door ECJ advocate general Francis Jacob has ruled that goods ordered that destination country has no right to levy duty on goods ordered over the internet and delivered within EU, court expected to approve decision next week, cost to UK could be £7b 13.11.06 Guardian, Booze Cruise, Retail Law, Tobacco, VAT
New Cases Follow Cadbury Tax Victory A string of top UK businesses will be pursuing cases against HMRC in wake of Cadbury victory in ECJ, court ruled subsidiary in low tax EU jurisdiction was not avoidance if it carried on economic activity Sunday Times Ruling on controlled foreign companies (CFC) is 'ground breaking' 18.09.06 Credit Management, UK Tax, UK Tax Avoidance Schemes
EU Company Tax ECJ Advocate General has ruled in BAT case, tax applied to transfer of profits from subsidiary to parent when subsidiary is in another EU member state 07.04.06 Times, Marks and Spencer v HM Customs, UK Tax
M&S Tax Break ECJ delivers judgment for and against right of business to offset losses in one EU state with profits in another, Marks & Spencer had claimed breach of 'freedom of establishment', court ruled firm's must 'exhaust possibilities' in subsidiary state to avoid 'loss trafficking' 14.12.05 Telegraph, Marks & Spencer, UK Tax
M&S Tax Case ECJ to decide this week on Marks & Spencer case claiming right to offset losses in one EU state against revenue in another, could lead to claims of billions on HMRC 12.12.05 Times, EU Law, Marks & Spencer, UK Tax
£bb ACT Rebate Deutsche Bank is to go to Lords in dispute over £20b rebate on ACT, bank wants rebate back dated to 1973 when UK joined EEC 22.06.05 Times, UK Tax Links
Offsetting EU Losses M&S goes to the ECJ tomorrow to argue breach of EU law for UK not to allow offsetting overseas losses against domestic profits, likely to win case with wide implications across EU 31.01.05 Financial Times, UK Tax Links
Tax Imputation ECJ has ruled in Manninem case that imputed tax credits on dividends contravenes EU principle of free movement of capital, ruling favours 'macro coherence' of tax law 09.09.04 Financial Director, UK Tax Links
