The UK tax authority, HM Revenue & Customs (HMRC), is investigating the tax classification of certain partners at Boston Consulting Group (BCG) in the United Kingdom. The inquiry seeks to determine whether some professionals formally registered as members of its UK Limited Liability Partnership (LLP) should instead be classified as employees rather than self-employed partners for tax purposes.
The European Public Prosecutor’s Office (EPPO) has launched Operation Javelin, targeting an alleged criminal network suspected of carrying out cross-border VAT fraud through the trade in luxury vehicles. The investigation estimates that the scheme caused approximately €100 million in losses to the public budgets of the European Union and its Member States.
The United Kingdom has announced a significant reform of the tax treatment of foreign sovereign investors as part of its Autumn Budget 2026, presented on 28 October. The proposal seeks to replace the current non-codified sovereign immunity regime with a new statutory framework, providing greater legal certainty and transparency while expanding the circumstances in which foreign states may be subject to UK taxation.
About us
We are dedicated to keeping our audience informed about the latest developments in taxation around the world. In today’s ever-evolving financial landscape, having a knowledgeable tax advisor with international expertise is essential for clients.
