Tolley Tax Commentary

Inward processing (IP) enables goods which are not intended for free circulation in the UK to be imported duty-free...

A partnership is 'the relation which subsists between persons carrying on a business in common with a view of...

This VAT Information Sheet explains how the standard method over-ride, announced in the Budget on 17 April 2002, affects ...

This paragraph examines the information that is to be provided on credit and debit notes and some of the principles...

The provisions in this article relating to corporation tax rates apply to ring fence profits only. This definition is also used...

A disposal of agricultural property by way of gift or sale at undervalue is eligible for holdover relief for business...

The place where employment duties are performed is one of the factors used to decide which provision of ITEPA...

An exchange of shares, whether or not it constitutes a disposal for the purposes of tax on capital gains is considered...

Irish VAT returns can be completed online or they can be completed offline and then uploaded online for submission....

The VAT submission process in Zambia is fully electronic. VAT returns with more than ten transactions are filed online via the Zambia Revenue...

As stated at 1.32, incorporated enterprises are entitled to claim input tax credits on pre-establishment costs incurred up to six months...

Known as the Trattamento di Fine Rapporto (TFR) in Italian law, it is the economic benefit that accrues to the employee upon termination of...

French law allows employees to request an advance of pay once they have reached the middle of the month, which the employer is required by law to grant...

Generally, all employers, their employees, self-employed workers, members of manufacturing cooperatives, domestic personnel, military personnel ...

A certificate of residency issued by the Canada Revenue Agency (CRA) confirms the taxpayer is resident in Canada and is liable to tax in Canada on their worldwide income....

Foreign exchange gains or losses from capital transactions of foreign currencies (that is, money) are considered to be capital gains or losses. When the...

If an individual has income or gains from a source in one country and is resident in another, that same income or gain may suffer tax twice.

If the company opts for a provident scheme, the employer contributes 10% of the salary and the same amount is contributed by the employee to the fund. The employer deducts a proportion from the employee's salary for that year and credits...

Calculate the employee's total gross cash pay, plus the value of any BIKs...

In addition to the PERKSO social security contributions required to provide coverage for employment injury and invalidity schemes (2.2.2), contributions are also required for an employment insurance system. Coverage...