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European Council approves new dispute resolution Directive
The Directive is designed to improve the scope and effectiveness of the EU Arbitration Convention.
In February 2016 the EU Commission launched a consultation on possible improvements for tax dispute resolution within the EU. The existing..
Online Published Date:
21 December 2017
Appeared in issue:
Vol 22 No 05 - 01 June 2017
OECD publishes first dispute resolution peer reviews including the UK
A process of peer reviews of tax authority MAP performance began in December 2016 – reports on the first batch of reviews have been published.
Action 14 of the OECD Base Erosion and Profit Shifting (BEPS) initiative is focused on making..
Online Published Date:
21 December 2017
Appeared in issue:
Vol 22 No 05 - 01 June 2017
Research shows non-comparable disclosure under IFRS is an issue
The Institute of Chartered Accountants in England and Wales (ICAEW) recently published a briefing, ‘Disclosure quality and international comparability under IFRS: evidence from pension discount rates, impairment and capitalisation of..
Online Published Date:
21 December 2017
Appeared in issue:
Vol 22 No 05 - 01 June 2017
Mercedes-Benz Financial services (C-164/16) CJEU judgment released
The CJEU has released its judgment in Mercedes-Benz Financial Services UK Ltd.
The case concerns the VAT treatment of a specific motor vehicle finance agreement called ‘Agility’. Mercedes-Benz Financial Services UK Ltd (MBFS) also..
Online Published Date:
21 December 2017
Appeared in issue:
Vol 22 No 05 - 01 June 2017
Tax reform proposals in the US
The White House and representatives of the US House and Senate have released a ‘unified framework’ for tax reform.
The White House, Republican leaders of the US House and Senate, and the chairs of the House and Senate tax-writing..
Online Published Date:
21 December 2017
Appeared in issue:
Vol 22 No 05 - 01 June 2017
The anarchy of averages
David Binder analyses some of the key drivers of impact as organisations prepare for IFRS 9 implementation in January 2018
Preparing for day one IFRS 9 impacts before models are fully built, tested and validated is a bit like preparing for a..
Online Published Date:
21 December 2017
Appeared in issue:
Vol 22 No 05 - 01 June 2017
Meeting the challenges of IFRS 9
A decade or so in the making, the new International Financial Reporting Standard on Financial Instruments – IFRS 9 – could take another few years to bed down after its introduction on 1 January 2018 for annual periods beginning on or..
Online Published Date:
21 December 2017
Appeared in issue:
Vol 22 No 05 - 01 June 2017
IFRS 9: Countdown to ‘day one’
After years of discussions, exposure drafts and what has often been regarded as a fairly difficult development process, the publication of the final International Financial Reporting Standard on Financial Instruments – or IFRS 9 as it is more..
Online Published Date:
21 December 2017
Appeared in issue:
Vol 22 No 05 - 01 June 2017