Search Results for: VAT
AAT affirms ASIC’s decision to refuse an application Clemente Group Holdings Pty Ltd for a derivatives/market maker licence
October 27th, 2016
The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s decision to refuse an application from Clemente Group Holdings Pty Ltd (Clemente) seeking an Australian Financial Services (AFS) licence to provide various financial services, including to make a market in derivatives. ...
HKEX to Roll Out Volatility Control Mechanism for its Derivatives Market
October 24th, 2016
Hong Kong Exchanges and Clearing Limited (HKEX) plans to roll out its Volatility Control Mechanism (VCM) – a measure designed to protect market integrity by preventing extreme price volatility arising from major trading errors and other unusual incidents – for its ...
Company to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors
October 14th, 2016
The Securities and Exchange Commission announced that a New York-based company has agreed to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors through mobile phone games that were described as “fantasy sports for stocks.” An ...
FIA announces finalists in fintech innovator competition
October 12th, 2016
FIA announced five finalists for the Meet the Innovators competition at the Futures and Options Expo in Chicago on Oct. 18-20. The five companies were chosen from a pool of 18 fintech startup companies that will be featured at the Innovators Pavilion, a showcase ...
ACCA launches innovations to its qualification to shape the future of Global Accountancy
October 12th, 2016
ACCA (the Association of Chartered Certified Accountants) takes a major step forward in shaping the future of accountancy by unveiling major innovations to its Master’s level qualification, tailored to meet the strategic challenges of the 21st century’s disruptive economy. ...
Switzerland Reforms VAT Rules On Foreign Suppliers
October 10th, 2016
The Swiss Parliament has passed reforms that will require all overseas companies with a turnover of over CHF100,000 (USD102,421) to impose value-added tax on transactions with Swiss customers. Under the current rules, there is an exemption from import VAT ...
HMRC Adds To Main VAT Registration Guide
September 29th, 2016
The UK tax authority, HM Revenue and Customs, has updated VAT Notice 700/1 on value-added tax (VAT) registration following law changes intended to prevent VAT evasion. The Notice has been updated following the introduction of new powers for HMRC ...
FXPRIMUS launches innovative new PAMM SERVICE
September 28th, 2016
FXPRIMUS has issued a press release to announce the launch of its new PAMM Service. Below is the announcement as it was published by FXPRIMUS: Further to an intensive research and development project arising from our clients’ requests for an ...
Taiwan To Levy VAT On Online Retailers
September 27th, 2016
Taiwan’s Executive Yuan has approved a Finance Ministry proposal to impose value-added tax on foreign online sellers’ supplies to Taiwanese consumers. The proposal is intended to modernize Taiwan’s VAT rules, raise additional revenues, and level the playing field for ...
When you must pay UK VAT If you are an overseas online retailer
September 19th, 2016
HMRC has issued a press releases to inform about the UK VAT in cases of overseas businesses using an online marketplace to sell goods in the UK. According to the HMRC release, overseas online retailers must pay UK VAT ...
