United Kingdom

Corporate Tax 

Now is a time of unprecedented change for corporate taxpayers as the UK government continues its reform of international taxation and introduces further compliance burdens.

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KPMG understands the issues and can help clients optimise their structure and comply with new legal requirements.

In August 2012 HMRC published FAQs in relation to how the EBTSO will operate. In light of this KPMG has developed a team of legal and tax professionals ready to help clients on all aspects of the EBTSO.

 

 
This survey, which assesses the impact of all business taxes including corporate income taxes, capital taxes, sales taxes, property taxes and statutory labor costs, finds that a country's tax competitiveness is strongly related to how taxes are weighted and applied in different jurisdictions.
 
In this edition we review recent fiscal policies and developments in the financial services sector, the pressures they are putting on financial services companies and highlight key considerations in this demanding environment.
 
The growth in the use of Cloud services to replace traditional IT service provision is rapid, and accelerating. From a tax perspective – this means change. Read on to access our latest briefing paper and video addressing the direct and indirect tax issues, challenges and opportunities that can arise from Cloud services.and is the only Big 4 firm to launch its own group tax reporting software.
 
KPMG has designed an innovative and cost effective tool called the Tax Reporting Cube (TR Cube) and is the only Big 4 firm to launch its own group tax reporting software. The TR Cube is a dedicated group reporting system that can be used for both year end and interim reporting processes. Find out more about KPMG’s Tax Reporting Cube 
 
Stay up to date with the latest developments on the new controlled foreign company regime included in Finance Act 2012 on our dedicated CFC Reform page.
 
KPMG is at the forefront of the development of XBRL solutions and tools for HMRC's variant, iXBRL. With over a year's experience working with clients to meet this new requirement, our tried and tested solutions are effective for businesses of all sizes. KPMG's XBRL Mapping Engine (XME) software allows conversion of accounts from MS Word or Excel into iXBRL. KPMG is the only Big 4 firm with their own HMRC accredited solution
  

The FATCA challenge will remain a significant and complex one for the insurance industry with many products still within scope; but there are nevertheless reasons to be positive. Read on to find out more through our latest publication on this topic.
 
 

Film Financing and Television Programming: A Taxation Guide

    Now in its sixth edition, the Film & Television Tax Guide is a valuable reference tool for motion picture and television executives involved with the commercial side of production. It focuses on key topics surrounding cross-border business conditions and financing issues that producers need to consider when establishing a tax-effective finance structures.

     

KPMG's Corporate Tax Practice holds a number of client events throughout the year at various locations to keep clients up to date with developments in both tax and pensions: