United States: IRS Notice 2015-17—Employer Payment Plans And The ACA’s Market Reforms

According to recently issued guidance from the Internal Revenue Service (“IRS”), enforcement of the Affordable Care Act’s (“ACA”) market reforms will be delayed for certain small employers that pay for individual health insurance policies for their employees. Notice 2015-17 reiterates that these arrangements constitute group health plans that fail to satisfy applicable ACA market reforms but recognizes that some small employers utilizing these arrangements may need additional time to transition to compliant group health […]

By |April 10th, 2015|

UK: Changes To The Remittance Basis

In the Autumn Statement 2014 the government announced plans to make perhaps the most significant changes to the remittance basis of taxation since the extensive reforms of 2008.
Increase in the remittance basis user charge
With effect from 6 April 2015, the charge for long term UK resident non-domiciliaries (“UK RNDs”) to access the remittance basis of taxation will increase significantly.

The new charges will be as follows:

For those who have been resident for 12 or more […]

By |April 10th, 2015|

Spanish Companies Biggest Beneficiaries Of Fiscal Reform – Roca Junyent

Changes to the corporate tax regime and an increase in inspections by the tax authorities will lead to an increase in work for law firms
Spain’s fiscal reform, which took effect at the beginning of 2015 and lowers income and corporate taxes, will, above all, benefit Spanish holding companies, according to Juan Alberto Urrengoechea, a partner in tax law at Roca Junyent in Madrid.
The reform will lower the top rate of income tax depending on […]

By |April 9th, 2015|