Category Taxation In Europe

UK Pubs Need a Break From Tax Hikes

November 13, 2017 Taxation in UK

pubLONDON – The great British pub may be dying, and it needs tax relief in order to survive.

Last week a group of 50 Ministers of Parliament of the UK sent a joint letter to the Chancellor of the Exchequer, Philip Hammond, calling for a freeze to beer duties and the implementation of a new business relief package for pubs.

It has been suggested by experts that pubs in the UK are some of the last public meeting spaces in the country, and are integral to life in the UK.

It is currently estimated that pubs in the UK are closing down at a rate of as much as 21 per week.

The letter called for the government to ensure that in the upcoming Autumn Budget there is freeze to the rate of beer duty.

Further, the letter calls for the current pub-specific tax relief package to be raised from GBP 1 000 to ...

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HMRC Chasing Down Big Tax Cheats

October 26, 2017 Taxation in UK

Tax on big businessLONDON – The HMRC may be upping their game when it comes to chasing down big businesses who stash their profits overseas.

New data obtained by the UK law firm Pinsent Masons has shown the extent of tax avoidance in the country.

The new information has suggested that over the course of the year to March 2017, large businesses in the UK avoided as much as GBP 5.8 billion by transferring profits to low tax jurisdictions.

The amount avoided is rising, having grown by GBP 2 billion compared to the level seen 12 months ago.

The amount of tax avoided is likely to be even higher, as the amount quoted is only for the 2 000 largest businesses in the country.

The experts at Pinsent Mason suggested that the increase could be caused by increased aggressiveness by the tax authorities or concentrated s...

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Germany Should Abolish Air Taxes

October 24, 2017 Taxation in Germany

German air passenger dutyBERLIN – Germany will see an overall economic benefit to the country if it drops its taxes on air passengers.

The results of a study completed by PWC and released on October 23rd suggests that dropping Air Passenger Duty in Germany would result in a boost to the number of travellers coming to the country, and a subsequent increase in tax revenues.

Removing all APD would lead to a total of 24.6 million passengers arriving in Germany by 2020, with more than half coming for tourism.

The increase in tourist and traveller numbers would lead to an economic boost of as much as EUR 67 billion over the next 12 years.

The boost and the increase in tax collections would exceed the EUR 1 billion annual loss which would arise by dropping the tax.

The air passenger duty in Germany is levied at a rat...

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Heavy EVs To Be Taxed in Norway

October 17, 2017 Taxation in Norway

Tesla taxOSLO – Heavy teslas will soon be taxed more to compensate for the damage they cause to roads in Norway.

Last week it was unveiled that Norway was evaluating the possibility of introducing a tax on electric vehicles, as part of the 2018 national budget.

Currently, Norway is regarded as being one of the most EV-friendly countries in the world, with significant tax and infrastructural advantages for EV owners.

It is estimated that there are approximately 215.6 electric and hybrid cars in the country for every 10 000 residents.

Further, approximately 35 percent of new cars sold in Norway now are at least partially electrified.

The new tax would be levied as a one-time fee for the registration of an electric vehicle which exceeds 2 tonnes in weight.

Experts have estimated that the measure w...

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UK Must Drop Whisky Tax

October 13, 2017 Taxation in UK

Tax on whiskyLONDON – Taxes of spirits need to be dropped, as they are leading to a loss of tax revenues and sales.

The Scotch Whisky Association is calling on the government of the UK to drop the rate of duties applied to the sale of whisky.

The Association is claiming that the recent increase in the rate of the duty has resulted in a decrease in the number of bottles being sold, and, subsequently, a drop in the tax revenues gathered by the government.

Over the first six months of 2017, approximately 36.7 million bottles were sold in the UK, however, over the same period in 2016 a total of 37.7 million were sold.

The result of the decreased sales outweighed the relative increase in tax collected per bottle, with overall revenues from the sale of spirits between April and June this year dropping by ...

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