Also in the news...
Press release New plans revealed to help small firms and improve access to cash
New Fair Payments and Disability Finance Codes launched to support SMEs
Guidance Overseas business risk for Taiwan
Information on key security and political risks which UK businesses may face when operating in Taiwan.
Guidance Overseas business risk for Guinea
Information on key security and political risks which UK businesses may face when operating in Guinea.
Activities With Tax Reduction
It is of utmost importance to check, if according to law, the activities you carry out have any tax incentive for income tax purposes. The Income Tax Law in its Title VII - On Fiscal Incentives, indicates in each chapter those activities that enjoy reductions and facilities for the payment of their taxes. The activities are as follows:
How Organised Leave Planning Improves Workplace Efficiency
Efficient leave planning is essential for any organisation to maintain productivity and ensure employee satisfaction. When done effectively, it can prevent disruptions, foster collaboration, and promote a balanced work environment.
UK statement to the WTO Dispute Settlement Body
Statement referring to agenda item 10: Australia – certain measures concerning trademarks, geographical indications and other plain packaging requirements applicable to tobacco products and packaging.
The United Kingdom supports the right of WTO Members to implement important public health initiatives to protect their citizens and welcomes the Appellate Body’s findings that Australia’s tobacco control measures were not more trade restrictive than necessary.
Many countries around the world have now adopted tobacco plain packaging measures, including the United Kingdom as of 20 May 2016.
Smoking is the leading cause of ill-health and early death, and a major cause of inequalities in the United Kingdom. In England alone, smoking kills around 78,000 people each year and costs the National Health Service £2.5bn.
In response, the United Kingdom has introduced a range of measures to discourage smoking. The UK was the second country globally to introduce tobacco plain packaging measures. Furthermore, there are many quitting smoking methods that are highly advertised, such as nicotine patches and vaping.
Smoking rates have continued to fall since the measures were implemented and are now at their lowest level at 14.4% in England.
We welcome the finding that the tobacco plain packaging measures, in combination with other tobacco-control measures, contribute to the objective of reducing the use of, and exposure to, tobacco products and that these measures were not more trade-restrictive than necessary.
The United Kingdom also takes note of the Appellate Body’s conclusions on the standard of review to be applied to claims under Article 11 of the Dispute Settlement Understanding, and its reminder that Article 11 claims must not be used as a pre-text to re-litigate the panel’s factual determinations on appeal. Limiting appellate review to matters of law and legal interpretation, as required by Article 17.6 of the Dispute Settlement Understanding, will reduce the scope and duration of appeals and promote procedural efficiency at the Dispute Settlement Body.