The US tax authorities could soon receive information from auction houses
such as eBay and Sotheby’s on customers that carrying out lots of transactions.
The Internal Revenue Service
is expected to introduce the regime from next year for customers carrying
out more than 100 transactions of at least $5,000 ($2,564), and could collect
$2bn in taxes, reports the FT.
eBay has argued that the
strategy is anti-competitive as some of its competitors are exempt from the
HM Revenue &
Customs has repeatedly warned eBay users in the UK to consider the
tax implications of trading on the website.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy