Other Tax news in brief

Other Tax news in brief

Other Tax news in brief

Also on KPMG.com

The Council of the EU have now adopted the anti tax avoidance directive (ATAD) rules agreed last month.

KPMG in the UK’s BEPS Action 4 diary has been updated with a post on leasing issues in the UK BEPS action 4 interest consultation.

On 12 July the OECD held a Tax Talks webcast at which the status of the BEPS project was reviewed, along with discussions on the upcoming G20 tax symposium and the OECD’s planned future work. A recording of the webcast can be found here.

The OECD has released its standardised IT-format for providing structured feedback on exchanged Common Reporting Standard information – the CRS Status Message XML Schema – as well as the related User Guide.

HMRC have published a number of reports:

The British Retail Consortium and KPMG in the UK’s Retail Sales Monitor and Online Retail Sales Monitor showed sales growth in June, although it is too early to establish the impact of Brexit.

Two-thirds of aerospace and defence senior executives say that they are confident or very confident in their company’s growth prospects over the next two years, according to the latest KPMG Global Aerospace and Defence Outlook.

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