Financial Secretary Jane Kennedy has released details of UK’s treaty
negotiating priorities for the year ending March 31, 2009, revealing
Revenue & Customs (HMRC) plans to complete work on new double taxation
conventions (DTCs) with the Netherlands, Ethiopia, Libya and Thailand; and on
Tax Information Agreements with Brazil, Jersey, Guernsey, Isle of Man and the
British Virgin Islands.
Kennedy said HMRC also intended to progress negotiations with China, US,
Spain, Belgium, Luxembourg and Hungary and start negotiations with Australia,
Canada, Israel and Spain.
The DTC between the UK and Macedonia, signed on November 8, 2006, entered
into force on August 8. In the UK, the provisions of the convention took effect
on April 1 for corporation tax purposes, and on April 6 for income tax and
capital gains tax purposes, while in Macedonia, the provisions took effect from
A protocol to the DTC between the UK and Switzerland signed on June 26 is not
yet in force but the new comprehensive DTC between the UK and France was signed
on June 19.
Committee expresses concern about costs to businesses and April 2018 implementation date
Drastically fewer offices for HMRC in the hope to reduce their running costs
An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance
Laurence Field, the head of tax at national audit, tax and advisory firm Crowe Clark Whitehill outlines the 6 'unexpected items' regarding HMRC's Making Tax Digital plans