A round up of other news this week.
HMRC have released a new compliance check factsheet entitled Tax avoidance schemes - follower notices and accelerated payments for Income Tax and NICs through PAYE.
Unlike the Intergovernmental Agreement with the US (IGA) that implements the US’s Foreign Account Tax Compliance Act (FATCA), charities are not excluded from reporting obligations under the Automatic Exchange of Information (AEOI) requirements. HMRC have now published guidance to help charities determine if they are affected and, if so, what information needs to be reported.
The Tax Matters Digest tax consultation tracker for June can be found here.
KPMG’s Global Tax Benchmarking Survey has now been opened. We would like to invite multinational tax leaders to take part and provide their perspective to enable us to benchmark tax departments of multinational organisations around the world. By participating in the survey, you will have the opportunity to gain exclusive access to the invaluable results of this study, which we expect to be the most comprehensive of its kind. The survey will take 30 minutes to complete, and your responses are confidential.
Annual reports need to provide more in-depth strategy discussion, backed by relevant operational KPIs so that investors can take a longer-term view of corporate health and performance, according to KPMG International’s second annual Survey of Business Reporting.
Real Madrid CF and Manchester United FC have topped the European table of KPMG international’s football clubs’ valuation report.