{"id":2421,"date":"2022-01-20T04:00:00","date_gmt":"2022-01-20T04:00:00","guid":{"rendered":"im-23093"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T00:00:00","slug":"global-minimum-corporation-tax-of-15","status":"publish","type":"post","link":"https:\/\/ep-accountants.co.uk\/global-minimum-corporation-tax-of-15\/","title":{"rendered":"Global minimum Corporation Tax of 15%"},"content":{"rendered":"<p>A new consultation has been published by the UK government seeking views for how a worldwide 15% minimum Corporation Tax should be enforced domestically. This follows more than 130 countries signing&nbsp;up to a new global minimum tax framework in October 2021, after the G7 agreed in principle to this measure during UK&rsquo;s presidency.<\/p>\n<p>We have also seen publication of the Global Anti-Base Erosion Model Rules (Pillar Two)&nbsp;by the OECD\/ G20 on 20 December 2021. This paper states that implementation of these new rules is envisaged by 2023.<\/p>\n<p>This new agreement is expected to ensure large international firms pay at least 15% tax rate on profits in each country in which they operate, helping to tackle avoidance and ensure a more level playing field for UK businesses.<\/p>\n<p>The consultation will run for 12 weeks&nbsp;and seeks views on the application of the global minimum Corporation Tax in the UK, as well as a series of wider implementation matters, including who the rules apply to, transition rules and how firms within scope should report and pay.<\/p>\n<div style='font-size:smaller' class='im_source'>Source: HM Government   Tue, 18 Jan 2022 00:00:00 +0100<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A new consultation has been published by the UK government seeking views for how a worldwide 15% minimum Corporation Tax should be enforced domestically. This follows more than 130 countries signing up to a new global minimum tax framework in October<\/p>\n","protected":false},"author":1,"featured_media":2422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[36],"tags":[],"_links":{"self":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/2421"}],"collection":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/comments?post=2421"}],"version-history":[{"count":0,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/posts\/2421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media\/2422"}],"wp:attachment":[{"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/media?parent=2421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/categories?post=2421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ep-accountants.co.uk\/wp-json\/wp\/v2\/tags?post=2421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}