Financial transactions and VAT: assignment of receivables at a discount to face value *

European Union, United Kingdom - October 19 2012
The ECJ provides some comfort to assignors and assignees of financial assets at a discount to face value.

Co-authors: Nick Thornton .

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Gaargh! HMRC releases consultation on UK "general anti-abuse rule *

United Kingdom - June 28 2012
Those doing business in the UK should be aware of a proposal to introduce a "general anti-abuse rule" into the UK tax system.

Co-authors: Nick Thornton .

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Entity status of US LLCs for UK tax purposes: as you were, LLCs opaque after all! *

United Kingdom, USA - September 5 2011
In February 2010 the UK’s First-Tier Tribunal ruled that a Delaware Limited Liability Company was a “transparent” entity for UK tax purposes (in an anonymised decision referred to as Mr Swift).

Co-authors: Nick Thornton .

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No presence in Europe but customers in Europe? Do you charge them VAT? *

European Union, USA - August 4 2011
US based web businesses which have no real presence in the EU, but do have customers there, could be forgiven for assuming that the collection of the EU’s "Value Added Tax" or "VAT" is not their concern.

Co-authors: Nick Thornton .

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UK’s four-year "controlled foreign company" ("CFC") tax reform process nears journey’s end? *

United Kingdom - July 8 2011
Four long years ago, back in June 2007, Gordon Brown replaced Tony Blair as leader of the British Labour Party and started his ill-fated Prime Ministerial career.

Co-authors: Nick Thornton .

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