The future of finance is digital. Making Tax Digital (MTD) is one of HMRC’s key strategic priorities, with the aim of transforming and modernising how tax is reported and managed.
From April 2019, all businesses in the UK with a turnover above the VAT threshold (currently £85,000) will be required to keep digital records of their VAT in addition to filing electronic quarterly returns.
The government has today called on industry to submit their thoughts on the future of the UK oil and gas tax regime.
The Irish Revenue has updated their guidance on the tax treatment of lump sum payments on a redundancy or a retirement. Such lump sum payments may be exempt from tax or may qualify for some relief from tax.
The Irish Revenue has published updated guidance on the VAT Transfer of Business Relief. The guidance covers the VAT relief on the transfer of goods, goodwill or other intangible assets between accountable persons.
The Exchange Fund’s foreign assets increased by HK$10.5 billion in June to HK$2.6706 trillion, the Hong Kong Monetary Authority announced today.
The Indian Government today announced a target to develop the skills of 50 crore people by 2022 under the National Policy on Skill Development (NPSD).