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Showing all posts tagged with Tax

< The beta blog | 20 May 2015

Could the digital economy bring about a new breed of tax rules?

This article was first published on Lexis®PSL Tax on 5 May 2015.

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< The beta blog | 25 Mar 2015

Video games developers are taking steps to secure a new tax relief

The BFI recently confirmed that video games developers have applied for “culturally British” certificates for 23 new video games in 2014. This status allows games to qualify for a generous 20% cash credit on the development activities for that game. The new relief was introduced on 1 April 2014.

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< The beta blog | 16 Mar 2015

Cash credits for television production are boosting the UK’s thriving creative industries

Recently published statistics have shown that the UK’s creative industries are now worth £76.9bn per year to the UK economy, or a staggering £8.8m per hour! Investment in the UK’s creative industries has been boosted by a number of very valuable tax reliefs, which are being introduced as part of the UK Government’s objective of making the UK the technology centre of Europe.

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< The beta blog | 10 Mar 2015

R&D – keeping pace with development in a digital environment

The digital age provides companies with increasing flexibility on where to undertake R&D and locate intellectual property (IP). Governments around the world are aware that R&D operates in a competitive global marketplace and are increasingly introducing incentives to attract skills-based investment and boost economic recovery.

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< The beta blog | 04 Mar 2015

Tax challenges in the digital age - the UK patent box

In the digital age, businesses will undoubtedly be heavily invested in intellectual property (IP). This shifting focus towards IP rich enterprise means that the traditional tax profile of business has morphed to present a whole new suite of issues and opportunities.

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< The beta blog | 16 Dec 2014

UK brings in Digital Tax as Ofcom report identifies UK shoppers as the most prolific online

It is now over a month since I wrote my blog “We don’t need new digital taxes, we need an international tax system fit for the Digital Age” about the OECD BEPS project which is seeking multilateral consensus to update the international tax system to cope with how modern businesses are run. It turns out that the UK Government does not entirely agree.

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< The beta blog | 05 Nov 2014

We don’t need new digital taxes, we need an international tax system fit for the Digital Age

The ways in which global businesses are taxed has been on the front pages more in the last couple of years than during the whole of the rest of my career combined. There’s a perception that international businesses, particularly those of a more virtual nature, are paying less tax than they ought to. International tax is pretty complicated stuff and so, if they are paying less, this isn’t down to lack of effort on the part of taxing authorities: it’s just that the rules, when properly applied, can give results that many think look odd.

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< The beta blog | 19 May 2014

Banking and the tax challenges in the digital age

The days of the restricted service and availability of the high street bank are gone. Customers expect to transact on an electronic basis of 24/7 availability with more ease of information exchange and processes.

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< The beta blog | 19 May 2014

Why is the technology and digital media start up scene so vibrant in the UK?

Last year, the then Mayor of New York, Michael Bloomberg, identified London as the main threat to New York’s developing tech start-up scene. But what makes the UK such an attractive place for technology start-ups?

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< The beta blog | 19 May 2014

Why a PE review is necessary in the digital age

The permanent establishment (PE) threshold test, which is contained in many countries’ tax laws and double tax treaties, determines whether a business has sufficient activity in another territory to create a taxable presence in that other territory from a corporate tax perspective. If a taxable presence is found, the company would be liable to retrospectively register for tax, and be assessed for tax, penalties and interest. The additional tax cost may not always be recoverable in the territory where the company is tax resident.

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