Changes to transfer of assets abroad rules
[ad_1] New legislation announced in the Budget will prevent individuals from using a company to bypass the transfer of assets abroad (TOAA) anti-avoidance provisions. Changes to the TOAA rules will apply to income arising to persons abroad on and after 6 April 2024. It follows the Supreme Court decision Commissioners for HMRC v Fisher [2023] […]
EU Council agreement on crypto assets and advance tax rulings
[ad_1] The unanimous agreement paves the way for greater co-operation between member states to reduce opportunities for tax avoidance and tax fraud using crypto assets, by amending the directive on administrative co-operation in the area of taxation (DAC). In November 2020, the EU Council reached conclusions on tax challenges arising from digitisation. In particular, the […]