Specialty Group: TAG Tax

The current default surcharge regime for VAT has often come in for criticism, with the penalties applied being disproportionate to the length of delay. From 1st January 2023, a new VAT penalty regime will replace the out ...

The Underused Housing Tax Act (the “UHT” Act), which received royal assent on June 9, 2022, implements a national annual 1% tax on the value of residential real estate that is vacant or underused (the “Underused Ho ...

Dec 30, 2022: Extension of the Deadline for Compliance with Tax Obligations In view of the day-off granted to public service workers on December 30, the Secretary of State for Tax Affairs has determined, by Order N ...

On October 31, 2022, the Virginia Department of Taxation (the “Department”) released draft guidance (the “Draft Guidelines”) on Virginia’s elective pass-through entity (PTE) tax, addressing how to make a PTE ta ...