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  • Tom Wesel
  • Tom Wesel

    Shooting the messenger, or even the odd job man

    HMRC’s proposed penalty regime for enablers of avoidance   On 17 August, HMRC launched a consultation on imposing potentially ruinous sanctions on those who “enable tax avoidance” where HMRC defeats the arrangement in question. The proposals are unworkable in their current form and one has to hope they were only a “ranging shot” in a battle between HMRC and the profession. As drafted, they target anyone who provides advice, acts as an introducer or intermediary…

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    October 26, 2016 Posted by:

  • Zoe Wyatt

    How to vote in the EU Referendum if it were only about tax…

    Forgive them, for they know not what they do… Is the EU Anti Tax Avoidance Directive the last straw the UK needs to leave the EU today? And would the UK be more tax-competitive out of the EU? At midnight, on Monday 20th June, the European Council of the European Union (ECOFIN) approved the draft Anti Tax Avoidance Directive (ATAD). The European Commission (EC) clearly doesn’t trust Member States of the EU to implement the…

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    June 23, 2016 Posted by:

  • Milestone Briefing Note – UK Partnerships

    Over the past year we’ve worked on a number cross border transactions (inbound / outbound investment, reorganisations etc) in conjunction with tax advisers from various parts of the world. A common feature has been the interest in using a UK partnership (in one guise or another). This briefing note highlights the main features and tax treatment of all UK partnerships.

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    February 24, 2016 Posted by:

  • Miles Dean

    GOOGLEGATE 2.0!

    As a follow up to our ‘Googlegate’ blog post from Tuesday this week we have been asked by various readers of the blog, including journalists, whether we think HMRC should publish details of the ‘deal’ done with Google. Essentially, the issue is that of balancing Google’s interest in avoiding confidential information reaching the public domain whilst pacifying claims that a ‘sweetheart deal’ has been done.

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    January 29, 2016 Posted by:

  • Miles Dean

    GoogleGate!

    Once again it’s everywhere: Google’s tax affairs are in the newspapers, on the TV and radio. It certainly makes for great headlines – Google, the US technology giant, has agreed to pay HMRC £130m in back taxes and bear a greater tax burden in the future. Opinions vary from those who claim that the extra £130m is a derisory figure compared with the company’s turnover, to those who see it as only right to pay what is provided by law and nothing more.

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    January 26, 2016 Posted by:

  • Zoe Wyatt

    The DPT – A Distinctly Political Tax!

    A round up of the latest opinion We’ve been busy on all things DPT over the past couple of weeks. We’ve been to Amsterdam and The Hague (a Dutch Road Trip if you will) talking to friends and colleagues about the UK in general and the DPT in particular. Of particular interest was Charging Provision 1 as regards royalty payments – not unsurprisingly given the nature of most Dutch IP structures. Zoe and Miles spoke…

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    April 29, 2015 Posted by:

  • Zoe Wyatt

    Milestone and Transfer Pricing Associates Webinar

    Join us this Thursday for our joint webinar with Transfer Pricing Associates (TPA). Milestone is the UK member firm of Transfer Pricing Global and we have been working closely with our TPA colleagues on how the Diverted Profits Tax (DPT) will apply to multinational groups and to identify steps they could take to mitigate a DPT charge.

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    April 20, 2015 Posted by:

  • Zoe Wyatt

    Short…But Not Sweet

    We have deliberately kept today’s blogpost short and concise. We wish to focus your attention on the arduous and laborious steps that groups must now take to assess how the DPT applies, to mitigate a charge and the very short time frame within which to do this.

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    April 10, 2015 Posted by:

  • Zoe Wyatt

    Diverted Profits Tax: Double The Fun?

    Today’s case study considers how the new rules may apply to UK property development activity. But, before reading on, firstly take a look at our ‘Plain English’ step-by-step flow charts to help you navigate the new DPT legislation.

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    April 2, 2015 Posted by:

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