Europe: Tax

Supreme Court upholds Court of Appeal decision that structured LLP profit-sharing arrangements are subject to miscellaneous income tax charge, providing guidance on section 850 ITTOIA and section 687 ITTOIA with wider implications for partnership taxation.

HMRC Agent Updates for April and May 2026 detail changes to employment taxes, including expanded EMI thresholds, simplified ERS reporting, new workplace benefit exemptions, and updated NMW and student loan rates.

Turkey has introduced Law 7582, establishing an unprecedented 20-year income tax exemption for foreign-sourced income earned by individuals who relocate and become tax residents. This legislative milestone fundamentally reshapes the country's taxation framework for international investors, creating a long-term exemption mechanism that positions Turkey as a competitive global destination for high-net-worth individuals and digital nomads seeking favorable tax treatment combined with residence and investment o

Private credit co-investment has evolved from a relationship benefit to a core product feature, driven by investor demand for enhanced returns, portfolio control, and stronger sponsor relationships. This article examines five structural alternatives for credit co-investment programs, analyzing how sponsors can optimize their approach based on execution certainty, regulatory considerations, and investor requirements.

Recent developments in EU tax law include Advocate General opinions on the Parent-Subsidiary Directive's anti-abuse provisions and Italian group taxation rules, alongside institutional progress...

The EU's FASTER Directive introduces a standardised digital framework to streamline withholding tax relief on cross-border portfolio income, replacing fragmented national procedures with automated processes. While focused on publicly traded shares and bonds, the directive holds particular relevance for European real estate investors who increasingly access property through listed vehicles and REITs. Expected to apply from 2030, FASTER promises faster refunds, reduced administrative friction, and enhanced tr

This comprehensive pensions update examines critical regulatory developments affecting UK pension schemes, from the anticipated surplus release framework coming in 2027 to emerging AI governance expectations. The bulletin covers major consultations on transfer regulations, VAT recovery changes, and flexible apportionment arrangements, while analyzing recent Ombudsman determinations on forfeiture clauses and overpayment recovery periods.

16 Haziran 2026 tarihli ve 33282 sayılı Resmî Gazetede yayımlanan 58 no.lu Tebliğ ile KDV Genel Uygulama Tebliğinde Değişiklik Yapılmıştır.

The Upper Tribunal has dismissed Barclays' appeal concerning whether a US company's UK branch qualified as a 'fixed establishment' for VAT grouping purposes, finding that substance matters...

HMRC Agent Updates for April and May 2026 detail changes to employment taxes, including expanded EMI thresholds, simplified ERS reporting, new workplace benefit exemptions, and updated NMW and student loan rates.

The First-tier Tribunal (FTT, or Tribunal) has found in Professional Game Match Officials Ltd v HMRC [2026] UKFTT 654 (TC) that individual match engagements between PGMOL and its referees were not contracts of employment.

Tackling disguised remuneration (DR) has long been a focus for HMRC, and they have had significant success in the area, protecting billions of pounds of tax revenue.