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Why Swatch Group doesn’t use IFRS
At a European accounting research conference in Switzerland, Thierry Kenel told participants what had induced Swatch Group to switch from IFRS in 2013, and how that had worked out. He pointed to IFRS importing market volatility into the balance..
Online Published Date:
14 December 2016
Appeared in issue:
Vol 21 No 07 - 14 December 2016
FATCA outlook: Impacts of IRS implementation and the 2016 election
In this commentary, Travis A. Greaves considers responses to the legislation from parties including taxpayers, banks and governments, and provides some predictions on how the results of the 2016 US election may impact the future of FATCA.
The..
Online Published Date:
14 December 2016
Appeared in issue:
Vol 21 No 07 - 14 December 2016
VAT: Hotels4u.com Ltd – First-tier Tribunal decision
The FTT considered a number of contracts finding mainly for the taxpayer in that it was acting as agent.
This case on UK hotel accommodation concerns the same issue as that considered in Secret Hotels2 Ltd (SH2) SC [2014]. If the taxpayer is..
Online Published Date:
14 December 2016
Appeared in issue:
Vol 21 No 07 - 14 December 2016
HMRC’s Advance Pricing Agreements programme: New Guidance
HMRC has updated its Statement of Practice on APAs. The new version reiterates HMRC’s commitment to APAs, but clarifies some limitations.
Following on from recent developments at the OECD and the European Commission in transfer pricing..
Online Published Date:
14 December 2016
Appeared in issue:
Vol 21 No 07 - 14 December 2016