UK – HMRC publish internal guidance on VAT recovery by Holding Companies


I wanted to alert you to the final published guidance issued by HMRC on the VAT recovery of holding companies.  The final internal guidance has confirmed when VAT recovery on acquisition costs should be possible, which is in line with the previous transaction cost VAT advice provided by PwC.Read More »

Italy – simplification in the VAT Law and some new obligations as from 1 of January 2015


People sitting on a long bench talking (3) - PwC, Photo_RGB_PC_48164.jpgOn November 28, 2014, the Legislative Decree laying down provisions related to tax simplification so called “Decreto semplificazioni fiscali” (Legislative Decree no. 175 dated November 21, 2014) has been published in the Official Italian Gazette.Read More »