The following statutory instruments bring into effect arrangements for the exchange of information for tax purposes between the governments of the UK and Antigua and Barbuda, Saint Lucia, Saint Christopher (Saint Kitts) and Nevis, and Saint Vincent and the Grenadines respectively.
The UK/Turks and Caicos Islands tax information exchange arrangement entered into force on 25 January 2011, HMRC announced.
The European Commission has proposed an optional ‘one-stop-shop’ system allowing companies to consolidate all profits and losses arising across the EU and file a single tax return.
The UK/Liechtenstein tax information exchange agreement signed in August 2009 entered into force on 2 December 2010, HMRC announced.
The European Council has adopted a directive aimed at strengthening administrative co-operation ‘to enable the member states to better combat tax fraud’.
Mark Minihane and Fiona Thomson provide practical guidance on forex gains and losses
Aurell Taussig and Isaac Zailer examine some of the tax issues that can arise in the context of European cross-border mergers
A double taxation convention between the UK and Germany, signed in March 2010, entered into force on 30 December 2010 (see SI 2010/2975).
Malaysia
Michael Anderson explains the latest developments and summarises some of the cases in which judgments are awaited VAT focus