In response to HM Treasury’s call for evidence on the taxation of employee expenses, KPMG in the UK conducted an online survey of employers during the months of May and June. Combining the survey results with our own experience we have recently submitted our written response, which can be found on
a UK/Bermuda exchange of letters signed on 19 June 2017 and 27 June 2017. This exchange of letters is classified as a Tax Information Exchange Agreement (TIEA), which are bilateral agreements under which territories agree to cooperate in tax matters through exchange of information, and replaces the 2007 TIEA.
HMRC have published a new
on tax avoidance arrangements that claim to be able to avoid the upcoming 2019 loan charge on disguised remuneration by redescribing loans.