Angela Fleming, Partner and Head of Financial Services Tax, explores how Luxembourg has recently established a permanent regime for Carried Interest, a topic of particular interest for general partners in private equity, strengthening its attractiveness for front office alternative investment fund activity. By contrast, the UK Government has increased the taxation of private equity general partners in recent Budgets.
In addition, Emma Galvin, Director in the Financial Services VAT Department, outlines the introduction of e-invoicing, (the automated, secure exchange of invoice data in a structured, machine-readable format (e.g., XML) between supplier and buyer), forms a key part of the EU ViDA Directive.