TAXEDO LLP

International Tax Experts & Boutique Law Firm

Phone

+44 207 993 4490

  • HM Revenue and Customs (HMRC) seized business assets from 1,080 UK small firms to settle late tax bills in 2014, according to research by Funding Options. Sole traders, unincorporated businesses, and partnerships must file their annual self-assessment returns by July 31 and make an up-front payment of 50 percent of their annual tax liability. Funding […]

  • The head of the Office of the Comptroller of the Currency (OCC) has called for a balanced approach to regulation governing financial technology development in the United States, citing bitcoin as one such example. Months after calling digital currencies “potentially revolutionary”, OCC Comptroller Thomas Curry highlighted bitcoin during a recent speech as he called for regulators to avoid crafting overly […]

  • Users of Ebay and other online sales sites are facing a tax crackdown following government plans to obtain data on millions of internet transactions. HM Revenue and Customs wants to collect information from internet companies such as Paypal that would allow it to identify British users who have an income from online sales. That would include […]

  • The UK could become the world’s most attractive location for businesses using digital currencies, such as bitcoins, after George Osborne announced a new package of regulation for the nascent sector including anti-money-laundering rules. Entrepreneurs have long complained that the lack of rules has made it hard for them to be accepted as legitimate, and there […]

  • LONDON (InsideBitcoins) — As of January 1st, the European Union instituted new rules regarding electronic services as a taxable commodity. Whilst not directed at bitcoin specifically, the directive refers to supplying a ‘digital service’ to another member state and as such one clear requirement for the supplier would be determining if they are providing this […]

  • On the eve of the recent G20 summit the UK and German governments released a statement. This1 has significant implications for the UK’s Patent Box tax regime. The statement, which undoubtedly represented something of a compromise, in the wake of objections from several countries, most notably Germany, was nevertheless defended by George Osborne in Parliament […]

  • Scott Eells | Bloomberg | Getty Images Benjamin Lawsky, superintendent of the New York State Department of Financial Services After 3,700 public comments, the proposed licensing for bitcoin-related firms has been slightly relaxed. Benjamin Lawsky, New York state superintendent of financial services, announced his new proposal for the so-called BitLicense in a Thursday speech. The […]

  • BRATISLAVA, Dec. 8 (Xinhua) — Chinese and Slovak leaders on Monday pledged to deepen cooperation in economy and trade, and to strengthen relations between the Communist Party of China (CPC) and Slovak political parties. Wang Jiarui, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference, made the pledge when meeting with […]

  • BEIJING, Dec. 12 (Xinhua) — China will raise taxes on oil products from Saturday, the second increase in a month. Tax on gasoline, naphtha, solvent oil and lubricating oil to will rise to 1.4 yuan (about 23 U.S. cents) per liter from 1.12 yuan. The levy on diesel, jet fuel and fuel oil will be […]

  • Facebook paid £1.8million in Irish tax on more than £2.3billion global sales Social network has been accused of channelling profits through Ireland  This has allowed the company to avoid tax in the UK for two years running Facebook ‘refused to listen’ to British public by not paying UK tax, MP says Margaret Hodge called for […]

1 2 3 5