Tax publications

Tax news

Tax views blog feed

PwC's tax strategy and code of practice video HMRC consultation review

HMRC has now published its consultation on improving large business tax compliance on the detail of a series of new measures, which will have considerable impact on the way HMRC interact with large businesses across the UK.

LNG Shipping – Transfer Pricing Considerations

For a while, LNG charter rates experienced significant increases and many multinational energy groups concluded intercompany charter transactions with these high rates. In the last two years; however, charter rates have started to go down and multinationals that locked into higher rates might need to revisit these to reflect the current and rapidly changing market conditions.

Transfer Pricing for the Energy Industry in Africa and Middle East

The profile of transfer pricing in the energy sector is high on the agenda of most energy resource-dependent countries in Africa and the Middle East. This, together with the current economic and volatile energy market conditions, creates significant challenges for multinational groups operating in the region.

The Total Tax Contribution Framework: some common questions

Frequently asked questions about the PwC Total Tax Contribution Framework

Bringing the world to you: PwC's LNG transfer pricing network

LNG trade has increased four fold in the last two decades, and the game is continuing to change. With ever increasing scrutiny from governments, effectively managing transfer pricing will be a critical piece of the puzzle. At PwC we have deep transfer pricing experience spanning the full LNG value chain and we can help clients plan, implement, document and defend their transfer pricing arrangements across all stages of the LNG project life cycle.

Effective tax rate benchmarking

Sector specific tax benchmarking studies for companies to compare their tax rates against their peer group

Country-by-country reporting under CRD IV

Country-by-country reporting under CRD IV

New proposed transfer pricing documentation and country by country reporting requirements

Current OECD proposals to increase transparency for tax administrators with new country-by-country reporting and with more prescriptive and extensive transfer pricing documentation requirements are likely to further increase to this compliance burden that multinationals face.

Transfer pricing considerations for gas pricing

The link between gas and oil prices continues to weaken as global supply, demand and trading patterns continue to change. When responses to these market changes affect intra-group transactions, tax Transfer Pricing can become a significant risk and impact a Group’s effective tax rate.

Tax transparency - what are the UK's biggest listed companies reporting?

A review of the FTSE100 for 2013 year-ends

Total Tax Contribution and the wider economic impact

Surveying the 100 Group

Tax transparency - trends in voluntary tax disclosures

The UK’s biggest companies remain under pressure to respond to the various stakeholders who are interested in their tax affairs. This increased attention, alongside the proposed country-by-country legislation, has helped to drive the trend towards increased tax transparency, as shown by the findings of our review. In our latest report, we review the UKs largest listed companies, focusing on five areas of tax communication. We give a snapshot of the number of companies making disclosures in each area and the changes we have seen in the past year. We explain the variety of communications we have seen within each area and suggest reasons a business may consider introducing this type of disclosure in the future.

Taxman Summer/Autumn 2013: Revealing the world of tax dispute resolution

Welcome to the Summer/Autumn 2013 edition of Taxman. In this edition, we explore the carrot by looking in detail at the new disclosure facilities and the differences between them that can, in some circumstances, make a big difference on a client’s final liability. We also explore the stick in reviewing the recent announcements from HMRC and the Crown Prosecution Service around the desire to significantly increase the number of criminal tax prosecutions in the years ahead.

Total Tax Contribution - Surveying the Hundred Group

Survey of the Total Tax Contribution for The Hundred Group shows that Britain’s largest retailers are feeling the impact of a total tax rate that has increased by almost two-thirds over the past eight years.

A changing tax system -Total tax contribution: results of The Hundred Group 2012 survey

A changing tax system: The results of the 2012 Total Tax Contribution survey for The Hundred Group.

More transparency in tax reporting

Many water companies are in the firing line on questions about their tax contribution. Our recent report on tax transparency highlights the trends and shares insights on how leading companies talk about tax in a way that is easy for all their stakeholders to understand.

Tax First November 2012

Our Tax First newsletter brings you a round-up of the past month's major tax news and issues. The Chancellor, George Osborne, delivers his Autumn Statement on 5 December 2012 followed by the publication of the draft clauses of Finance Bill 2013 on 11 December 2012. Our Autumn Statement webpage will bring you the latest insights and predictions and asks what the Mr Osborne needs to do to set a course for prolonged, sustainable recovery.

UK steps up league table of effective tax systems

Paying Taxes compares tax systems across 185 economies by measuring total tax cost (the Total Tax Rate), number of payments and time to comply for a case-study flowerpot making firm.

Tax First September 2012

Our Tax First newsletter brings you a round-up of the past month's major tax news and issues.

UK resident holders of undeclared Swiss bank accounts face tax bill under UK/Swiss Tax Agreement unless action taken before 31 May 2013

In the Autumn of 2011 the UK and Swiss governments announced a new agreement to tax undeclared Swiss bank accounts. The agreement will raise significant revenue for the UK Government but still protect Swiss banking secrecy by allowing the UK account holders to retain anonymity albeit at a high price

Understanding new tax reporting rules

Tax transparency and country-by-country reporting. Have you considered how new reporting requirements and frameworks affect you?

The last opportunity for US taxpayers to settle their unpaid tax as the IRS reopens the Offshore Voluntary Disclosure Initiative

The US Inland Revenue Service (IRS) reopened the Offshore Voluntary Disclosure Initiative (OVDI) on 9 January 2012 to encourage taxpayers to come forward and disclose their offshore income, bank accounts, trusts and other foreign entities to avoid or evade tax, to comply with US tax laws.

The Liechtenstein Disclosure Facility (LDF)

The LDF was created with the signing of an agreement of understanding between the UK and Liechtenstein in August 2009. It formally started on 1 September and has been extended to run until 5 April 2016. We have helped hundreds of people use the LDF to disclose untaxed offshore assets.

Taxman Summer/Autumn 2012: Revealing the world of tax dispute resolution

Welcome to the Summer/Autumn 2012 edition of Taxman. In this edition we bring you all the latest on HM Revenue & Customs’ (HMRC) current campaigns as well as highlighting the latest issues in the world of tax investigations, with a particular focus on HMRC’s drive to tackle offshore tax evasion.

Tax reporting implications of life tax reform

The Finance Bill 2012 - 2013 means significant changes for life companies, particularly in the accounts. PwC considers the key issues to help you form a view on how to reflect the changes in your tax balances.

New rules for taxing a life assurance company: 2013 and beyond

The new rules for taxing life insurance companies as published in the Finance Bill, and effective from 1 January 2013, represent a fundamental rewrite of the life insurance taxation regime.

Tax First April 2012

Our Tax First newsletter brings you a round-up of the past month's major tax news and issues.

Tax First February 2012

Our Tax First newsletter provides tax professionals with a round-up of the past month's major financial news and a calendar of useful diary dates.

The Total Tax Contribution of the UK Oil & Gas industry

Report looking at the size of the contribution the oil and gas industry makes to the UK public finances and how the UK tax system impacts the industry.

Tax First January 2012

Our Tax First newsletter provides tax professionals with a round-up of the past month's major financial news and a calendar of useful diary dates