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Member Articles


Congress Rolls Back Burdensome UBIT on Transportation Benefits

A much-hated tax on not-for-profit organizations is on the way out. At the end of 2019, Congress repealed a provision of 2017’s Tax Cuts and Jobs Act (TCJA) that triggered the unrelated business income tax (UBIT) of 21 ...

Making Tax Digital (MTD) – End of ‘Soft Landing Period’ for Digital Links

The current 12 month soft landing period for digital links will end for VAT accounting periods starting on or after the 1 April 2020. Businesses that benefitted from the deferred start date for MTD (VAT periods beginning ...

Form 720 - Obligation to Report Assets and Rights Located Outside of Spain

The Tax department of Bufete Escura would like to remind the tax obligation in Spain to report assets and rights located outside of Spain (Form 720). The scope of the obligation applies to those who are considered Spani ...

Tax Challenges (and Opportunities!) for UK Corporates

Over the years the UK has continued to drive towards a more competitive Corporate Tax (CT) regime. This has been achieved by various means, including lowering the headline rate to 17% from April 2020, which will be among ...

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