Greek VAT; Tax strategy; International tax; Tax agreement; Beneficial ownership
Greek VAT
On 1 June 2016 the VAT rate in Greece increased from 23% to 24%.
Tax strategy
HMRC has published an overview guide for large businesses (with a turnover above £200m or balance sheet over £2bn) on the requirement to publish their tax strategy before the end of the next financial year commencing after Royal Assent to Finance Bill 2016 and yearly thereafter. See here.
International tax
HMRC has updated International Manual para INTM268510 ‘Non-residents trading in the UK: Returns and assessments outside normal time limits: returns – corporation tax’. This removes a reference to
ESC B46 withdrawn in March 2011 which allowed a grace period of seven working days before penalties were charged for late filing of some returns. See here.
Tax agreement
A double tax convention has been agreed between the UK and...
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