In trying to make sense of the year, one thing is clear, it has not been quiet. Those that thought the government machine dealing with Brexit would mean less time for changes to the UK tax system were wrong. 2018 has seen some major changes to the way in which the UK taxes non-residents, whether that is investors in real estate or intangible assets. The unknown quantities of Brexit and the conclusions surrounding the taxation of the digital economy means businesses have to make plans for whatever these might deliver. And the curveballs that lie ahead (a general election or BEPS 2.0 anyone?) only make the job of a tax adviser more interesting.
Rhiannon Kinghall Were (Macfarlanes) reviews a busy year, including major changes to the way in which the UK taxes non-residents, the taxation of the digital economy and the effects of Brexit.
In trying to make sense of the year, one thing is clear, it has not been quiet. Those that thought the government machine dealing with Brexit would mean less time for changes to the UK tax system were wrong. 2018 has seen some major changes to the way in which the UK taxes non-residents, whether that is investors in real estate or intangible assets. The unknown quantities of Brexit and the conclusions surrounding the taxation of the digital economy means businesses have to make plans for whatever these might deliver. And the curveballs that lie ahead (a general election or BEPS 2.0 anyone?) only make the job of a tax adviser more interesting.
Rhiannon Kinghall Were (Macfarlanes) reviews a busy year, including major changes to the way in which the UK taxes non-residents, the taxation of the digital economy and the effects of Brexit.