Tax News Daily
The latest tax news from around the world, summarised and tagged for tax professionals. Updated twice daily.
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Taxand Global Welcomes COBALT As Member Firm Across The Baltic States
Taxand Global has welcomed COBALT as its member firm across the Baltic States, expanding its network into Latvia, Lithuania, and Estonia. COBALT is a leading law firm in the region, and its addition strengthens Taxand's ability to provide tax advisory services across these markets. The partnership enables multinational clients to access integrated tax expertise spanning the Baltic region through Taxand's global network. This development is significant for businesses operating across Estonia, Latvia, and Lithuania seeking coordinated cross-border tax advice from a unified regional presence within the Taxand alliance.
Guidance: Agent services account if you’re not based in the UK: service availability and issues
HMRC's guidance covers the Agent Services Account for tax agents not based in the UK, detailing current service availability and any known issues. This account allows overseas-based tax agents to manage UK tax affairs on behalf of clients, including submitting returns and communicating with HMRC. The guidance highlights operational status, potential disruptions, and workarounds for non-UK agents accessing HMRC digital services, which is critical for cross-border tax compliance and agent authorisation under the UK's digital tax administration framework.
Guidance: Agent services account: service availability and issues
HMRC's guidance on the Agent Services Account details current service availability and known issues for UK-based tax agents. The account is a central digital platform enabling tax agents to access HMRC services, manage client authorisations, and submit tax returns on clients' behalf. This update informs agents of any disruptions or limitations to the platform's functionality, which is essential for tax practitioners relying on HMRC's digital infrastructure for compliance activities across various UK taxes including income tax and VAT.
Apply to import goods temporarily to the UK
UK government guidance on the Temporary Admission relief allows businesses and individuals to import goods into the UK without paying customs duties or VAT, provided the goods are re-exported within a specified period. The scheme covers items such as exhibition goods, professional equipment, and samples. Applicants must use an ATA Carnet or apply through HMRC's CHIEF or CDS systems. This customs relief is significant for businesses engaged in international trade, reducing the cost burden of temporary cross-border movement of goods.
8 Best VAT Registration Services for Non-EU Businesses Entering the EU and UK
This article reviews the eight best VAT registration services available to non-EU businesses seeking to enter the EU and UK markets. It highlights key service providers that assist foreign companies in navigating VAT compliance requirements, including registration, filing, and ongoing obligations across multiple jurisdictions. The piece serves as a practical guide for businesses unfamiliar with EU and UK VAT frameworks, covering factors such as service scope, pricing, and expertise. It is particularly relevant for e-commerce sellers, digital service providers, and importers looking to establish a compliant VAT presence without a physical establishment in Europe.
Check if you can get import duty relief on goods using Temporary Admission
UK government guidance on Temporary Admission relief, which allows businesses and individuals to import goods into the UK with full or partial relief from import duty. The relief applies to goods brought in temporarily for specific purposes such as exhibitions, professional equipment, or goods for processing, provided they are re-exported within a set timeframe. Eligible users include businesses and private individuals meeting HMRC criteria. The guidance outlines which goods qualify, how to apply, and the conditions that must be met to maintain the relief, making it a practical customs duty planning tool for importers operating across UK borders.
Pay tax on payments to foreign entertainers and sportspersons
UK HMRC guidance covering the tax obligations of payers making payments to foreign entertainers and sportspersons performing in the United Kingdom. Under UK tax rules, a withholding tax applies to such payments, requiring the payer to deduct and remit tax to HMRC on behalf of the non-resident performer. The guidance details who is liable, how to calculate the deduction, applicable rates, and how double taxation treaties may reduce or eliminate the withholding obligation. It also covers registration requirements, reporting procedures, and how foreign performers can reclaim overpaid tax, making it relevant to event organisers, promoters, and sports bodies.
North Macedonia Launches Third e-Faktura Testing Phase
North Macedonia has launched the third testing phase of its e-Faktura electronic invoicing system. This phase represents a continued rollout of the country's mandatory e-invoicing infrastructure, allowing businesses and government entities to test the platform before full implementation. The e-Faktura system is designed to digitize and standardize invoice exchange between taxpayers, improving tax compliance and reducing VAT fraud. The phased testing approach enables authorities to identify technical issues and refine the system ahead of broader mandatory adoption, aligning North Macedonia with broader regional and European trends toward mandatory electronic invoicing and real-time tax reporting.
Check when you can expect a reply from HMRC
HMRC has published guidance outlining expected response times for various taxpayer queries and correspondence. The guide helps individuals and businesses understand how long they should wait before following up on submissions, claims, and other tax-related communications with the UK tax authority. It covers response timeframes across multiple tax types and service channels, providing transparency on HMRC's processing timelines. This is a practical administrative resource for taxpayers managing deadlines and planning around HMRC interactions, relevant to personal and business tax compliance in the United Kingdom.
Irelands 9% reduced VAT rate on Restaurant, Catering and Hairdresser Services: How you can Prepare!
Ireland is reinstating a 9% reduced VAT rate for restaurant, catering, and hairdressing services, reversing the temporary increase back to 13.5%. The article outlines the practical steps businesses in these sectors should take to prepare for the rate change, including updating point-of-sale systems, accounting software, and invoicing templates. It also covers compliance obligations and timing considerations for affected businesses. The guidance is aimed at helping Irish businesses avoid errors during the transition and ensure VAT returns and pricing structures accurately reflect the new reduced rate.
Why CPA Firms Need One Secure Workspace for Wolters Kluwer Apps
CPA firms using Wolters Kluwer's suite of tax and accounting applications face challenges managing multiple logins, data security, and workflow efficiency across platforms. A unified secure workspace solution consolidates access to Wolters Kluwer tools, enabling tax professionals to streamline compliance workflows, protect sensitive client tax data, and improve productivity. The article argues that centralized access management reduces cybersecurity risks inherent in handling confidential tax information and supports firms in meeting professional standards for data protection while managing tax preparation, planning, and compliance tasks across their client base.
How ITR Filing Software Cross-Checks AIS for AY 2026-27
Indian ITR filing software for Assessment Year 2026-27 now cross-checks data against the Annual Information Statement (AIS), a tax authority-generated document aggregating taxpayer financial data. The integration helps taxpayers and professionals identify discrepancies between reported income and AIS entries before filing, reducing errors and potential scrutiny. The software automates reconciliation of salary, interest, dividends, and other income sources against AIS data, streamlining compliance. This reflects growing use of technology-driven tools in Indian personal income tax filing, improving accuracy and reducing manual effort for both individual filers and tax practitioners handling bulk returns.
FBR reduces regulatory duty on imported SUVs, ATVs
Pakistan's Federal Board of Revenue (FBR) has reduced regulatory duties on imported SUVs and ATVs, signaling a policy shift aimed at adjusting the cost of importing larger vehicles. The regulatory duty reduction is part of FBR's broader customs and trade management efforts, potentially impacting consumer prices and import volumes. Such changes to regulatory duties on vehicles reflect ongoing calibration of Pakistan's import tariff structure, balancing revenue collection with economic and consumer considerations. The move may also affect domestic automobile manufacturers competing with imported vehicles.
How Andy Burnham could raise £15bn – without a tax rise.
This article examines how Andy Burnham, Mayor of Greater Manchester, could help raise £15 billion without introducing new taxes, focusing on closing the UK tax gap. The piece likely explores enforcement measures, compliance improvements, and administrative reforms that could recover unpaid or underpaid taxes. The tax gap — the difference between taxes owed and taxes actually collected — represents a significant revenue opportunity without requiring legislative tax increases. The article frames this as a politically viable alternative to raising tax rates, suggesting better HMRC resourcing, digital tools, or targeted compliance campaigns could unlock substantial additional revenue for public services.
Customs Valuation revises import values for perfumes & colognes vide VR No2094/2026
Pakistan's Customs Valuation department has issued Valuation Ruling No. 2094/2026, revising the customs import values for perfumes and colognes. This update adjusts the reference values used to assess customs duties on these cosmetic imports, ensuring more accurate duty collection and reducing potential under-invoicing. Such valuation rulings are a standard tool used by Pakistan's customs authorities to maintain current and market-reflective import valuations, directly impacting the customs duty liability for importers of fragrances and related products.
What is the Colorado retail delivery fee?
The Colorado retail delivery fee is a charge applied to retail deliveries made by motor vehicle to destinations within Colorado. Introduced in 2022, the fee applies to retailers with taxable sales exceeding $500,000 annually, requiring them to collect a per-delivery fee on orders containing at least one taxable item. The article explains who must collect the fee, how it applies, exemptions, and compliance requirements. It is distinct from sales tax but intersects with existing sales tax obligations, making it relevant for e-commerce businesses and retailers shipping goods to Colorado customers.
FBR collects Rs13.6 trillion in taxes during FY2025-26
Pakistan's Federal Board of Revenue (FBR) collected Rs13.6 trillion in taxes during fiscal year 2025-26, marking a significant milestone in the country's tax revenue performance. This figure reflects the cumulative collection across major tax heads including income tax, sales tax, federal excise duty, and customs duties. The result demonstrates progress toward FBR's annual revenue targets, which are critical to Pakistan's fiscal consolidation efforts and IMF programme commitments. The strong collection underscores ongoing reforms in tax administration and enforcement undertaken by FBR.
Tax Notes: Soroban Gets Cool Reception on Limited Partner Argument
A Tax Notes report covers the Soroban Capital Partners case, where the court gave a cool reception to the fund's argument that its limited partners should be exempt from self-employment taxes under the limited partner exception. The case tests the boundaries of who qualifies as a limited partner for payroll/self-employment tax purposes, a hotly contested issue for hedge funds and investment partnerships. The court's skeptical stance could have broad implications for fund managers and limited partners seeking to shield income from self-employment taxes, reinforcing IRS positions on active participation in partnership structures.
Italian VAT Court Clarifies Reverse Charge Rules for EU Goods Resale reinforcing VAT Principles for Cross-Border goods transactions
An Italian VAT court has issued a ruling clarifying the application of reverse charge mechanisms for EU cross-border goods resale transactions. The decision reinforces established VAT principles regarding when and how reverse charge applies when goods are resold across EU member state borders. The ruling provides important guidance for businesses engaged in intra-EU trade, particularly regarding the correct VAT treatment of resale chains and the obligations of buyers and sellers. The case highlights potential compliance risks for businesses that misapply reverse charge rules in cross-border goods transactions within the EU.
France: E-invoices and E-reporting penalties
France has established a penalty regime for non-compliance with its upcoming mandatory e-invoicing and e-reporting obligations. The article details the specific financial penalties applicable to businesses that fail to issue structured electronic invoices or meet e-reporting requirements for B2B, B2C, and cross-border transactions. It outlines the penalty amounts, circumstances triggering sanctions, and any grace periods or caps. French businesses and their advisors must understand these consequences as the phased e-invoicing mandate rolls out, making timely system readiness and compliance essential to avoid financial exposure.
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