At Mazars, we inform you about the recent developments and rules and regulations that can have impact on you or your organisation. Would you like to minimise your risks and maximise your opportunities? We have listed several noteworthy news items that can be of use to you.

The tax system: selling your transport company - part 3 of 4

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30 June 2020 - What are the options for achieving a fiscally and organisationally favorable structure for the transfer of your transport company? That is a question that we have already addressed in part 3 of the four-part "The optimal structure". The possibilities of contributing to a private limited company and splitting up business activities were discussed. In part 3 of this four-part section, we will take you further into one of the options for optimally structuring your tax structure in the event of a sale of your company.

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Brexit: EU - UK trade sale looks still far away

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30 June 2020 - Since February 1, 2020, the United Kingdom is no longer part of the EU. Until December 31, 2020 there is a transitional period in which, in principle, nothing changes. Until then, the United Kingdom and the EU want to make new trade agreements that will take effect from January 1, 2021. However, after several rounds of negotiations, there is still little optimism that a deal can be closed.

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Mazars Next: the basis for business decisions

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30 June 2020 - It is important for you as a transport operator to always have an up-to-date insight into the performance of your company. The corona crisis has only exacerbated this need.

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The lesson of COVID-19: data, data and data

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30 June 2020 - Uncertainty dominates in the transport sector about a rapid economic recovery. ABN Amro is talking about a 7 percent drop in freight volumes in 2020. Other analyzes speak of 10 to 20 percent. How do you survive this?

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Tax in control with a tax control framework

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30 June 2020 - In these times of crisis and great uncertainty about the future, you as a transport entrepreneur may notice more than ever how important it is to have insight into your financial position. Where the focus is now mainly on short-term solutions and support measures to absorb the first blows of the corona crisis, it is also important to think about the future.

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Tax position of international drivers

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30 June 2020 - As a result of the corona crisis, cross-border traffic has been halted or limited, as a result of which international drivers are not working, or to a lesser extent, across the border. The borders will gradually reopen, but the travel pattern may also look different in the future. This may have consequences for the tax position of international drivers.

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Update: Emergency Employment Bridging Fund

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16 June 2020 - The government wants to protect jobs and incomes during the coronacrisis. One of the measures taken is the Emergency Employment Bridging Fund (Noodfonds Overbrugging Werkgelegenheid - NOW), an allowance towards wage costs for companies that are currently losing turnover.

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Postponement of the bill on excessive borrowing with own company

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28 April 2020 - Following the recent tax measures, the commencement date of the Bill on Excessive Borrowing with Own Company is postponed for one year until, i.e. 1 January 2023.

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Application of the business tracking scheme in the succession law

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30 June 2020 - Recently, the Supreme Court has discussed the application of the business succession scheme (hereinafter: BOR) in the Inheritance Act in three judgments. The BOR is a facility that, if the conditions are met, can postpone or significantly reduce the income and gift or inheritance tax payable on business transfers to successors. Since the judgments concerned gift or inheritance tax, we limit ourselves to this in this report.

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The effectiveness of donation campaigns: from contributor to director

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25 June 2020 – The society is changing rapidly and charity organisations have to move along to remain future-proof. The activities of charity organisations are under pressure and they have to deal with declining revenues. That’s why it is essential to look critically to the effectiveness of your donation campagins and the wishes and needs of your (potential) contributors. How can you spend your campaign money as effective as possible?

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Your challenges during the coronacrisis

These are special times where we face major challenges. The impact of the coronavirus is significant and the situation is constantly changing. We will inform you about new developments and measures and are of course at your disposal to support you where necessary with your current challenges. Do you have questions? Please contact your trusted Mazars adviser or use the contact form.