UAE electronics market to grow 6% in 2010Posted: Tuesday 31 AugustUAE electronics market to grow 6% in 2010
by Shane McGinley on Sunday, 29 August 2010
The UAE consumer electronics market is expected to retain its title as one of the leading markets in the region, with sales forecast to rise six percent to around $2.77bn this year, according to a study released by the Dubai Chamber of Commerce and Industry on Saturday.
“Located at the crossroads of Asia, Africa and Europe, the electronics distributors of the UAE serve a potential market of almost two billion consumers,” the report by the Dubai Chamber said.
Meet Sino Merchants @ IFA - Berlin Hall 9, 301-12bPosted: Tuesday 31 AugustMeet Sino Merchants @ IFA - Berlin Hall 9, 301-12b
Sino Merchants Ltd., based in the State of Malta, is a company that trades internationally in mobile phones, electronic items and IT items.
We will have a booth at the IFA conference in Berlin. If you or any members of your company are attending, please stop by and say hello to Marc, one of our sales and purchasing managers. Our booth is located in Reseller Park, Hall 9, Booth no. 301-12b.
Please login to our website www.sinomerchants.com to access any of our docum... (click on the headline to read the full article) Exporters warned over 'tighter legal scrutiny'Posted: Tuesday 31 AugustExporters warned over 'tighter legal scrutiny' ahead of Christopher Tappin hearing
Business owners are being warned that HM Revenue & Customs is stepping up investigations into companies that trade goods subject to export controls.
By James Hurley, Business Club Editor
Published: 7:00AM BST 31 Aug 2010
Ahead of an extradition hearing for a retired British businessman accused of selling parts for Iranian missiles this week, law firm Kingsley Napley said it has observed a "dramatic" increase in investigations and prosecutions instigated by HMRC under... (click on the headline to read the full article) The On-going cost of HMRC Extended VerificationPosted: Monday 16 AugustThe On-going cost of HMRC Extended Verification
In the Studio with CRN: HMRC vs traders
CRN discusses the real cost of HMRC's Extended Verification policy on the mobile phone and components industry
In a heated discussion, CRN Editor Sara Yirrell chats to three people passionate about the plight of IT and mobile phone traders caught up in HM Revenue and Customs (HMRC) Extended Verification process to combat VAT fraud.
Joining CRN in the studio is Anthony Elliot-Square, managing director of International Phone Traders, Dave Fisher, managing direct... (click on the headline to read the full article) Are YOU Fighting for a Corporation Tax Refund?Posted: Monday 16 AugustSilicon 8 have been pursuing a case for a Corporation Tax refund due to the withheld VAT as an allowable bad debt.
Initially, HMRC in the CT Appeal case had to agree that this is an allowable bad debt case, but have now changed their argument to have the CT appeal stayed behind the MTIC appeal. This is based on their "new" argument that it isn't a bad debt because the withheld VAT should not be re-paid.
If there are any other companies in a similar position as Silicon 8, we would be interested in hearing from you.
Please contact Anthony Elliot-Square WANTED – EXPERT WITNESSES FOR VAT TRIBUNAL APPEALSPosted: Tuesday 03 AugustWANTED – EXPERT WITNESSES FOR VAT TRIBUNAL APPEAL CASES
Study of past decisions show that traders have severely reduced their chances of success in VAT Appeals because they have not effectively challenged HMRC’s so-called expert evidence.
We believe that the majority of HMRC claims can be disproved if adequate resources are devoted to collecting and analysing authoritative information which is then presented to the Tribunal.
To achieve this we are seeking:
1. Accountants and businessmen who have experience in brokering/who... (click on the headline to read the full article) Saudi follows UAE in BlackBerry banPosted: Monday 02 AugustSaudi follows UAE in BlackBerry ban
by Arabian Business Staff and Reuters on Sunday, 01 August 2010
Saudi Arabia's telecoms regulator has ordered local operators to freeze the Messenger function for Blackberry users this month, just hours after the UAE said it was suspending BlackBerry services in the country from October.
A board member at state-controlled Saudi Telecom (STC) confirmed the regulator had imposed a ban. Speaking on Al Arabiya television, he said the Kingdom had not gone as far as the UAE, but urged BlackBerry maker Research in Motion (RIM) to reco... (click on the headline to read the full article) Successful Traders Reclaims - Help WantedPosted: Monday 02 AugustSuccessful Traders Reclaims - Help Wanted
We understand that some traders who were subjected to the HMRC Extended Verification process have been refunded their input tax.
We would be grateful if anyone who has been repaid would contact us. Any communication will be treated as confidential.
Please contact Anthony Elliot-Square on 01963-251222 or email Anthony@thirddimension.co.uk Vodafone in £1.25bn tax settlement with HMRCPosted: Monday 26 JulyVodafone in £1.25bn tax settlement with HMRC
Vodafone has agreed to pay £1.25bn in controlled foreign companies tax in the biggest settlement ever made with HM Revenue & Customs over the controversial levy.
By Louise Armitstead - Published: 6:30AM BST 24 Jul 2010
The telecoms giant, which had a £2.2bn provision in its books relating to the dispute, said it would spread the payment over five years in a move that ends a decade-long row with HMRC.
The settlement relates to a dispute dating back to 2000 over tax payable in Voda... (click on the headline to read the full article)
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