Tax & Accounting Blog

U.K. Announces Changes to VAT Registration Thresholds

U.K. Announces Changes to VAT Registration Thresholds

In Budget 2012, presented to Parliament by United Kingdom Chancellor, George Osborne on March 21st, several changes to VAT registration thresholds were announced that will be effective from 1 April 2012. Those changes are as follows: the registration threshold will be increased from GBP 73,000 to GBP 77,000; the deregistration threshold will be increased from GBP … Read More

Treaty Exemptions for Business Profits – Part 3: Treaty Exemptions from Withholding

Treaty Exemptions for Business Profits – Part 3: Treaty Exemptions from Withholding

A foreign entity may claim a treaty-based exemption from NRA withholding by submitting a Form W-8BEN with the treaty claim described in Part 2 and the income for which an exemption is being claimed described on line 10. To be valid, the Form W-8BEN must include the entity’s U.S. Employer Identification Number (EIN). An … Read More

Why We’re Excited About the TEI Midyear Conference

Why We’re Excited About the TEI Midyear Conference

From catching up with clients to attending some great break-out sessions, I’m really looking forward to being at the TEI Midyear Conference in Washington, DC in a few short days. This year’s 62nd Midyear Conference, will mark the 15th year that Thomson Reuters has been the exclusive partner on tax research … Read More

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INDIAN UNION BUDGET 2012-2013 ANNOUNCED: NO TIMELINE FOR GST IMPLEMENTATION

The Indian Union Budget 2012-2013 was announced by the Finance Minister Pranab Mukherjee on March 16.  Although no timeline was announced for introduction of GST (Goods and Services Tax), a number of proposals were released which are perceived to be preparation for the eventual launch of GST.  Such proposals include, but are not limited to … Read More