Monthly Archives: November 2016

WTO Upholds EU Complaints against USA Tax Subsidies for Boeing

The World Trade Organisation has upheld the EU’s complaints about tax subsidies provided by the USA to Boeing for producing their 777X aeroplane. “The [WTO] Panel found that, under each of the aerospace tax measures at issue, there is a … Continue reading

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EU Parliament Votes to Freeze Turkey Accession Talks

The European Parliament has voted, by 479 to 37, for a freeze in talks with Turkey on its possible joining of the EU block. Although a non-binding resolution it still marks a further deterioration in the EU’s dealings with Turkey. … Continue reading

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Possible Further Drop in Corporation Tax Post Brexit

Ahead of the Autumn Statement the Prime Minister in London today is expected to drop hints of a further cut in corporation tax (CT) after Brexit. CT is already due to fall from 20% to 17% by 2020. It seems … Continue reading

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Norway Extends Ship Tonnage Tax into 2017

Norway has got EFTA, European Free Trade Association, approval to extend its current tonnage tax by 6 months to mid-2017. The extension will allow Norway time to finalise a revised tonnage tax scheme, to be renewed for 10 years, and … Continue reading

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Brexit Deal and European Commissioner’s Offensive Remarks

The EU Commission is increasingly taking an illiberal and antagonistic attitude to democratic changes and the world in general. Although deplorable they do set an outline for a possible Brexit deal. For example, the European Commissioner for the Digital Economy … Continue reading

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No VAT exemption for Blood Plasma Used Industrially

The European Court of Justice has ruled that there is no VAT exemption for blood plasma used industrially. The case arose form a German company managing blood donor centres and extracting plasma, a component part of human blood, for the … Continue reading

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St Andrew’s College Bradfield v HMRC – VAT Group, Education and Sport

The Upper Tax Tribunal in London has held that two subsidiaries supplying sport services, in a VAT group with a boarding school, college, as the group member, made taxable supplies. The case turned on VAT Act 1994 schedule 9 group … Continue reading

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