Insights

18 November 2020

• Corporate Tax
• International Tax

For businesses operating internationally, transfer pricing (TP) requires proactive decision-making to reduce the tax risk inherent in operating in multiple tax jurisdictions. Without efficient transfer pricing policies in place, the businesses can suffer from double taxation, whereby the same income is taxed in two countries. Businesses are increasingly focussed on ensuring that their policies are robust enough to stand up to increased scrutiny from tax authorities around the world.

24 September 2020

• Corporate Tax
• Coronavirus

In late March, the Government announced an extension to the deadline for filing annual accounts with Companies House. However, as yet no corresponding extension has been granted to the HMRC deadlines for tax payment or filing. With a company’s accounts being a key component in preparing the tax return, businesses should be mindful of the timelines for submission each if utilising the extended Companies House filing period.

24 July 2020

• Corporate Tax

Key changes to the intangible asset regime came into force with the Finance Act 2020, concerning which assets are available for corporation tax relief. In this short blog, we summarise the new regulations.