Weekly tax brief | 31 July 2019

'We tax our companies, they don’t tax our companies'
Nick Blundell
The OECD’s deadline for reaching a global consensus on how to update the global tax system to meet the needs of the digital economy is now just five months away. So what is the chance of success? 

What do HMRC’s annual accounts tell us about the UK today? 
Rachel de Souza
HMRC has recently published its 300-page annual report which provides hints about the state of the UK economy and comes to some surprising conclusions. 

It's all Welsh to me
Susan Ball
The latest report on expenditure and revenue in Wales raises questions as to whether the Welsh Rate of Income Tax will have to rise. 

Scottish farmer wins VAT appeal in the Supreme Court
Philip Munn and Jim Burberry
The Supreme Court has ruled that a Scottish farmer is entitled to recover more than £1m of VAT incurred on the purchase of more than £7m of EU farm subsidies - a decision which could prompt many other UK taxpayers to revisit VAT they’ve blocked on fundraising activities.  

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