2019 Protocol to UK/Israel Double Tax Convention comes into force

The 2019 protocol amending the 1977 UK/Israel DTA entered into force on 28 October, although it takes effect: In both countries:  For taxes withheld at source for amounts paid or credited on or after 1 January 2020 In Israel: For Income...

IMF: Tax Policy Challenges for Islamic Finance

The International Monetary Fund published a Staff Discussion Note on Islamic Finance focusing on opportunities challenges and policy options on 6 April 2015. The Discussion Note highlights that Islamic finance raises a number of tax policy issues as well. Islamic finance...

CJEU/Skandia case- What does HMRC think?

HMRC has issued its response on the recent, and much talked about, decision of the CJEU in the Skandia case. As anticipated it is very much an instruction to UK businesses to “wait and see.” Before we look at HMRC’s...