Contact: Burgis and Bullock (Warwickshire, England)

The lengths that HMRC will go to in its quest to catch-out tax evaders seemingly knows no bounds with the disclosure that Inland Revenue Inspectors are embracing technology with the phrase "desktop review" taking on a new meaning.

Read more: HMRC "Big Brother" Really is Watching You!

Contact: Burgis & Bullock (Warwickshire, England)

Three VAT registered businesses have won their appeals against HMRC's requirement that they file their VAT returns online.

All of the appellants ran their own small businesses. Two of the appellants experienced disabilities which made it excessively difficult or impossible for them to use a computer. A third lived in a remote area of the country where broadband access was absent or unreliable. Three were of an age which made learning how to use a computer particularly difficult and they would have had to incur the cost of instructing an agent. They had all filed their VAT returns promptly and accurately on paper for many years.

Read the entire article.

Contact: Harvey Susnick & Michael Gottstein; Berdon LLP (New York, New York, USA)

On August 29th, the Treasury Department and the IRS ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes.¹ The ruling applies regardless of whether the couple lives in, or is domiciled in, a jurisdiction that does not recognize the validity of same-sex marriage. The ruling implements the federal tax aspects of the June 26 Supreme Court decision in United States v. Windsor invalidating a key provision of the Defense of Marriage Act.

Read more: IRS Recognizes Legally Married Same Sex Couples

Contact: Wayne BerkowitzBerdon LLP (New York, New York, USA)

The fight goes on over the so-called Amazon law compelling e-commerce retailers to collect sales and use tax on your online purchases. The Direct Marketing Association (DMA) argued that Colorado's notice and reporting requirements for out-of-state vendors discriminated against the retailers who do not collect the tax on sales to Colorado purchasers and placed an undue burden on interstate commerce.¹

Read more: DMAs Challenge to Amazon Law Hits a Snag … But

Contact: Saul Brenner; Berdon LLP (New York, New York, USA)

 

Those with deposits in the overseas branches of U.S. banks cannot count on FDIC protection. The FDIC's board of directors approved a regulation¹ clarifying that it does not insure deposits in the foreign branches of U.S. banks.

Read more: No FDIC Protection for Deposits in Overseas Branches of U.S. Banks