Financial Instruments Tax and Accounting Review

In this commentary, following the publication of the Chequers Plan in July, Andrew Browne and Wendy Andrews examine some of the tax and organisational risks for UK businesses. The Brexit negotiations between the UK government and the EU have..

The mandatory Making Tax Digital start date will be October 2019 for certain businesses with “more complex requirements”. On 16 October HMRC announced that it has “listened to concerns and will give a small group of customers..

Nick Kappas and Rich Williams examine the proposed guidelines relating to US GILTI provision. On 13 September 2018, the US Internal Revenue Service (“IRS”) proposed rules (the “Guidance”) to implement the global..

The FASB’s Financial Accounting Standards Advisory Council (FASAC) met recently to discuss three main topics: tax reform; some financial reporting simplifications; and the use of different transition methods and effective dates for Accounting..

The 2017 Mutual Agreement Procedure statistics show tax authorities are closing more cases but the number of new requests is increasing. The OECD has published Mutual Agreement Procedure (MAP) statistics for 2017 covering 85 jurisdictions,..