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  • Zoe Wyatt

    Are HMRC’s 281 Million Pounds Diverted Profits Tax Yield Stats Misleading the Public?

    The U.K.’s tax authority HM Revenue & Customs (“HMRC”) recently published statistics setting out a 281 million pounds tax yield in 2016–17 from the Diverted Profits Tax. In question was the so-called “Google Tax” introduced in April 2015 as the answer to counter perceived tax-avoidance by large multinational groups that generate significant revenue from U.K. customers but seemingly pay little U.K. corporation tax by comparison. The diverted profits tax (“DPT”) seeks to prevent multinational groups…

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    October 10, 2017 Posted by:

  • Andrew Murray

    Amazon’s UK taxes: criticisms misplaced

    Andrew Murray, Partner and Rozi Ellis, Associate, examine Amazon’s UK tax:   The recent release of Amazon’s UK logistic and customer service company’s financial accounts revealed a lower corporation tax liability (£7.4mn corporation tax on profits of £24.3mn), despite a healthy increase in turnover. The commentators’ response was to wield accusations of tax avoidance and allow the unfortunate phrase ‘fair share of tax’ to once again reach media headlines. But, allowing the tax avoidance debate…

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    September 1, 2017 Posted by:

  • Miles Dean

    Uber + VAT

    As the controversial company Uber has grown to reach a valuation approaching $70 billion, its problems have also mounted. Legal actions have spread across the globe and regulatory enforcement and/or litigation have been undertaken against it in 34 countries and 19 U.S. states.

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    Posted in VAT No Comments

    August 14, 2017 Posted by:

  • Miles Dean

    Juncker Plans New Tax Transparency Rules from January 2019

    Two days after the Brexit talks began in Brussels, on June 19, 2017, the European Commission issued a press release outlining detailed proposals for “tough new transparency rules for intermediaries—such as tax advisors, accountants, banks and lawyers—who design and promote tax planning schemes for their clients.”

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    July 7, 2017 Posted by:

  • Tom Wesel
  • 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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    Posted in ATAD No Comments

    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:

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