Taxation

Second firefighter dies from injuries…

Second firefighter dies from injuries… 

Good Morning Monaco – Thursday, September 2, 2021

Second firefighter dies from injuries

A second Monaco fireman has died from his injuries following the multiple accident on Tuesday, August 31, on the RD 6202 departmental road around Puget-Théniers, above Nice. He was 22 years old…

False’ resident must pay $137 million Swiss bond

Swiss newspapers reported on Wednesday, September 1, that Prakash Hinduja must pay 125 million Swiss francs as collateral as an...

https://allaboutshipping.co.uk/2021/09/02/second-firefighter-dies-from-injuries/

Freight forwarders welcome HMRC confirmation of implementation timetable for new Customs declarations processing system

Freight forwarders welcome HMRC confirmation of implementation timetable for new Customs declarations processing system

Robert Keen

The British International Freight Association (BIFA) has welcomed today’s announcement by HM Revenue and Customs (HMRC) clarifying the final implementation date when a new computer system will replace an existing system used for processing Customs declarations.

BIFA Director General, Robert Keen states: “Our members will be pleased with the clarity that is being...

https://allaboutshipping.co.uk/2021/08/03/freight-forwarders-welcome-hmrc-confirmation-of-implementation-timetable-for-new-customs-declarations-processing-system/

On the wave 2021 – New mandatory procedure for the purposes of VAT exemption for “navigation on the high seas”

On the wave 2021 – New mandatory procedure for the purposes of VAT exemption for “navigation on the high seas”

New mandatory procedure for the purposes of VAT exemption for “navigation on the high seas“

Effective 14th August 2021, the Revenue Agency has communicated the following instructions that must be followed by subjects who intend to benefit from the non-taxability for VAT purposes of the purchase of ships used for navigation on the high seas and / or of goods and services referable to same.

https://allaboutshipping.co.uk/2021/07/13/on-the-wave-2021-new-mandatory-procedure-for-the-purposes-of-vat-exemption-for-navigation-on-the-high-seas/

Global minimum tax: a game changer for EU shipping?

Global minimum tax: a game changer for EU shipping?

Thursday, June 10 – Brussels

In light of the G7 summit of leaders starting this Friday, the ETF reiterates its call for an international agreement on a global minimum tax for multinational companies.

  • Global tax could be an important tool in addressing the negative effects of the use of flags of convenience in global shipping which allows shipowners of one country to hire the flag of another country.
  • The FOC flags offer regulatory advantages, low...

https://allaboutshipping.co.uk/2021/06/10/global-minimum-tax-a-game-changer-for-eu-shipping/

Budget 2021 analysis: What does it mean for you and your business?

Budget 2021 analysis: What does it mean for you and your business?

Our expert analysis is live
 The Chancellor has presented his Budget for recovery. The range of measures announced included an extension of Covid-19 support packages, incentives for investments in growth and an eventual increase to corporation tax.

Read our analysis on what Budget 2021 means for you and your business.BUDGET 2021 ANALYSISJoin our personal, business and employment tax specialists as they analyse the...

https://allaboutshipping.co.uk/2021/03/04/budget-2021-analysis-what-does-it-mean-for-you-and-your-business/

RMT responds to Freeport and Offshore measures in budget

RMT responds to Freeport and Offshore measures in budget

Mick Cash

MARITIME AND OFFSHORE Union RMT today responded to the Chancellor’s Budget statement.

RMT General Secretary Mick Cash said;

“The furlough extension is welcome but if taxpayer investment is to create good quality seafarer, port and offshore energy jobs in a green recovery, then regulation of the supply chain, trade union recognition and good quality apprenticeships are absolutely essential.

“Our seafarers will also want to know how...

https://allaboutshipping.co.uk/2021/03/03/rmt-responds-to-freeport-and-offshore-measures-in-budget/

RMT expresses shock and disgust at Wightlink’s reluctance to take up taxpayer support as members prepare for strike action over attack on conditions

RMT expresses shock and disgust at Wightlink’s reluctance to take up taxpayer support as members prepare for strike action over attack on conditions

Mick Cash

WIGHTLINK UNION RMT expressed shock and disgust today over lifeline ferry company Wightlink’s dismissal of public funding which could help ease the financial pressure created by the pandemic.

The union is currently in dispute with the company and has announced a raft of strike dates from April over an attack on pensions, terms and...

https://allaboutshipping.co.uk/2021/02/01/rmt-expresses-shock-and-disgust-at-wightlinks-reluctance-to-take-up-taxpayer-support-as-members-prepare-for-strike-action-over-attack-on-conditions/

PwC Greece – Annual Finance Update for the Shipping Industry

PwC Greece – Annual Finance Update for the Shipping Industry

Μs. Santos Equitz, Managing Director, Shipping Industry Leader, PwC Greece,

Global trends and key topics shaping the shipping industry finance landscape

PwC Greece shared its insights on the key topics that are currently shaping the landscape for the shipping industry during a virtual, 2 days event titled “The Annual PwC Update for Shipping Industry Finance Professionals”. The event was organized in January 2021 and was attended by more...

https://allaboutshipping.co.uk/2021/01/26/pwc-greece-annual-finance-update-for-the-shipping-industry/

RMT respond to Tonnage Tax reform reports

RMT respond to Tonnage Tax reform reports

Mick Cash

Shipping Union RMT today responded to press reports that the Government will use Singapore as a model for its planned reform of the Tonnage Tax scheme.

RMT research shows that shipowners in the Tonnage Tax scheme have already benefited from subsidies worth £2.165bn since the scheme was introduced in the early 2000s. The number of UK Ratings employed on vessels in the scheme has flatlined and only 75 Ratings have been trained since 2015.

RMT...

https://allaboutshipping.co.uk/2020/12/16/rmt-respond-to-tonnage-tax-reform-reports/

Freight Forwarders angry with latest shipping line surcharge

Freight Forwarders angry with latest shipping line surcharge

Robert Keen

The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, says its members are exasperated by the news that one of the world’s leading container shipping companies will be levying  an ‘Emergency Space Surcharge’ from South East India ports to the North Continent, the Mediterranean, North Africa, Red Sea & Latin America.

“Forwarders do not like shipping line...

https://allaboutshipping.co.uk/2020/12/15/freight-forwarders-angry-with-latest-shipping-line-surcharge/

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