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The OECD has released further technical guidance to assist governments with implementation of the global minimum tax under Pillar Two and a statement on the timeline of the Multilateral Convention (MLC) under Pillar One.

18 December 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

These regulations clarify in law  that domestic politically exposed persons (PEPs should be subject to a lesser extent of enhanced customer due diligence by firms regulated under the money laundering regulations (MLRs) in the absence of other risk factors.

The OECD/G20 Inclusive Framework on BEPS has released the latest peer review assessments for 131 jurisdictions in relation to the compulsory spontaneous exchange of information on tax rulings.

The 2022 UK-Luxembourg Double Taxation Convention and Protocol — in force has been added to the HMRC tax treaties page.

11 December 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

These regulations update the list of high-risk third countries in respect of which the regulated sector needs to apply enhanced due diligence.

An HM Treasury report has outlined HMRC’s implementation of a parliamentary committee’s recommendations, including plans to issue new guidance on complex UK tax areas 'in Winter 2023'.

The 2023 UK-San Marino Double Taxation Convention — in force has been added to the HMRC tax treaties page.

HMRC’s latest Digest (1 December 2023) provides short updates on various topics, including Making Tax Digital for Income Tax for Self Assessment (MTD for ITSA), changes for goods moving from the island of Ireland to Great Britain, compliance guidelines for the reformed IR35 and umbrella companies, and an overview of the OECD Pillar 2 Reform of the International Tax Framework.

4 December 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

The 2023 UK-New Zealand Memorandum of Arrangement (MOA) has been added to the HMRC tax treaties page.

Finance Bill 2024 was published on 29 November 2023.

The CIOT and Stamp Taxes Practitioners Group (STPG) have questioned HMRC’s interpretation that SDLT relief is not available for certain transactions by developers in special tax sites.

The CIOT has responded to the HMRC stakeholder consultation on Review of Double Taxation Treaties (DTTs) 2024/25.

27 November 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

HMRC has published revised advisory fuel rates for company cars which apply from 1 December 2023.

Tax announcements at Autumn Statement must be given legal effect through a Finance Bill, which is introduced by Ways and Means Resolutions, which must be approved by the House of Commons. These were published on 22 November 2023 but have not yet been passed.

Autumn Statement 2023 provided a full package of tax measures, many of which had been pre-announced. New items included cuts to both employee and self-employed NICs and permanent ‘full expensing’ for companies.

Azerbaijan has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the BEPS Convention).