ARTICLE · 14 SEPTEMBER 2015

Weekly Tax Update - September 7, 2015

Smith & Williamson

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The United Arab Emirates has issued a note on the possible implementation of VAT within its borders in co-ordination with similar moves by the other members of the Gulf Co-operation Council.

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1 General news

1.1 Tax in Gulf Co-operation member states

The United Arab Emirates has issued a note on the possible implementation of VAT within its borders in co-ordination with similar moves by the other members of the Gulf Co-operation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia). The note also refers to the possible introduction of corporation tax.

www.mof.gov.ae/En/AboutMinistry/News/Pages/1882015.aspx

1.2 Agent repayment claim forms: HMRC standards

Customised forms used by agents for tax repayment claims on behalf of a client must meet certain standards.

Instead of HMRC forms, such as the R38, agents may use customised forms, which can be a combination of relevant documents, including agent authorisation and repayment claims, and may include agreements to terms and conditions or letters of assignment.

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