Monthly Archives: July 2016

New European Union Combined Nomenclature

A new version of the Combined Nomenclature of the European Union (CNEN) was published in June as Regulation 2016/C214/05. The combined nomenclature is used to standardise the classification of goods for imports and exports customs duties. Eamon McNicholas Tax Barrister, … Continue reading

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Canada and Ukraine Sign Free Trade Agreement

Canada and the Ukraine this month signed a free trade agreement. Under the deal Canada has abolished tariffs, taxes, on about 99% of Ukrainian goods, while Ukraine has got rid of tariffs on 86% of Canadian goods right away, with … Continue reading

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China to Tax Online Search Advertising

China has classified paid-for online search results as advertising, so subject to VAT, expected as 3%. The change comes in from 1st September and will impact not just China’s big sites, like Baidu or Alibaba, but others too. Eamon McNicholas … Continue reading

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VAT Partial Exemption Toolkit

HMRC have this month published a “VAT Partial Exemption Toolkit”. It is a guide aimed especially at tax agents or advisers dealing with the issue for clients, but is useful for any business that is partially exempt. Eamon McNicholas Tax … Continue reading

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Indian Income Tax Dept to Appeal Vodafone Ruling

The Indian Income Tax Department got leave in May to appeal to the Indian Supreme Court on one of the Vodafone tax cases rule on by the Bombay High Court. The issue if the application of transfer pricing rules on … Continue reading

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Updated HMRC Notice 3001 on Customs Procedures under Union Code

HMRC have issue an updated version of their “Notice 3001: Customs Special Procedures for the Union Customs Code” for tax and duties on imports and exports. Eamon McNicholas Tax Barrister, Accountant http://www.EamonMcNicholas.com

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European Commission Investigation into French and Belgian Tax Subsidies

The European Commission has announced a competition investigation into French and Belgian ports. The focus is on whether various corporation tax exemptions given to the ports amount to illegal state aid. The competition Commissioner Margrethe Vestager said: “Ports play a … Continue reading

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