• Cayman Islands Added to the EU Blacklist — Private Fund Sponsor Update Blog Post — Tax Blog — By Robert Frastai, Aron Joy and Akash Mehta — April 08, 2020

  Update alert: Proposed domestic tax penalties emerge in Luxembourg in enforcement of EU blacklist We recently reported on the addition of the Cayman Islands to the EU list of non-cooperative jurisdictions for tax purposes (the “EU blacklist”) on February 18, 2020 and key consequences for private fund sponsors. On March 30, 2020 the Luxembourg government […]

  The post Cayman Islands Added to the EU Blacklist — Private Fund Sponsor Update appeared first on Weil Tax BLOG.

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• Brave New World: HMRC Implements Temporary Electronic Submission for Stamp Duty Applications Blog Post — Tax Blog — By Jenny Doak, Oliver Walker, Aron Joy and Akash Mehta — March 27, 2020
  On 25 March 2020, HMRC announced that stock transfer forms and other transfer instruments should no longer be posted to the HMRC Stamp Office, due to COVID-19 measures.  Effective immediately, all documents for stamping should be submitted electronically, together with scans of the instruments to be stamped and details of the transaction and electronic payment.  […] ...
• No Surprises: Outcomes from HM Treasury’s Review of Changes to the Off-Payroll Working Rules Blog Post — Tax Blog — By Oliver Walker and Akash Mehta — March 16, 2020
  The Government has recently completed another review of the changes to the off-payroll working rules (IR35), which extend the existing rules that apply to the public sector to medium and large engagers in the private sector. The reforms will go ahead on 6 April 2020 as planned, although the Government is making minor changes to the way in which they will be implemented. ...
• Brexit and Tax: An Uncertain Future Blog Post — Tax Blog — By Jenny Doak, Oliver Walker, Stuart Pibworth and Akash Mehta — February 03, 2020
  The consequences of Brexit on UK tax: key tax implications of Brexit for businesses. The UK has a relatively business-friendly tax regime, which should be largely unaffected by Brexit, and we can expect the current government to plug any “gaps” created by Brexit to ensure the UK remains competitive. Since the 2016 vote, the government has emphasised that the UK is “open for business” and will make the most of the opportunities created by Brexit. ...
• Cryptoassets: The UK Tax Net Widens Blog Post — Tax Blog — By Oliver Walker and Akash Mehta — January 23, 2020
  As a general rule, UK resident individuals who are not domiciled in the UK may have the option of being taxed in the UK on the “remittance basis”. Very broadly and among other things, this means that capital gains and income arising outside the UK are often not subject to UK tax, unless they are physically brought into the UK. ...

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