Tax First September: News, events and change in tax

 

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.

 

We start off this September edition with news of our new International Corporate Tax Association (ICTA) events programme. We’ll be looking at topics as diverse as the Patent Box, corporate tax reform and the influence of the European Union on multinationals. You can register for any of the events on our website here.

 

In this issue we highlight HM Revenue & Customs’ (HMRC’s) recent draft legislation on double taxation agreements (DTAs). These proposals will stop individuals, companies and other persons benefiting from the provisions of a DTA where the claim is part of an arrangement to reduce a liability to UK tax. Following the recent European debt crisis, we also look at French and German plans to revive the idea of a financial transaction tax.

 

Auto-enrolment for pensions schemes will become compulsory on dates starting from October 2012. This move may have a significant financial impact for your business, particularly if it currently runs a pension scheme. We explain the main aims of auto-enrolment and introduce our own interactive tool - aimed at helping you understand the full impact on your organisation.

 

Since the First-Tier Tribunal’s decision in the Reed Employment case, there’s been much debate around the correct VAT liability of the introduction of temporary workers by recruitment agencies. We ask whether there’s an opportunity for retrospective VAT recoveries following this decision. You can see more in our webinar, which can be viewed here.

 

With best wishes

 

David Prosser