NEWS

The OECD is consulting on proposed changes to its commentary on the definition of ‘permanent establishment’ in Article 5 of its Model Tax Convention. The OECD’s proposals set out an alternative provision which would be added to its commentary on...

Fiji has joined the Global Forum on Transparency and Exchange of Information for Tax Purposes. Fiji already participates in the Pacific Initiative, a programme of work for the gradual implementation of the international tax transparency standards,...

Kuwait is the latest country to sign up to the Inclusive Framework on BEPS and has also committed to take part in the two-pillar solution to international tax reform....

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

The Norwegian government has published the text of its double tax convention with the UK as adjusted by the OECD Multilateral Instrument. Although the convention is a 2013 agreement, the modified version applies generally from 1 May 2020 (and from 1...

The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 1) Regulations, SI 2023/1206, bring various sections of the Economic Crime and Corporate Transparency Act 2023 into force, including the following provisions from 15 January...

In a new submission, the CIOT has sought clarification of HMRC’s approach to the ‘just and reasonable’ apportionment between residential property development (RPD) activities and non-RPD activities for the purposes of the computation of adjusted...

The November edition outlines several changes which will be of particular interest to tax practitioners:Summary of changes for repayment claims: as outlined in its recent guidance for agents, HMRC has summarised the February 2024 changes which will...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.  

Following the prime ministers government reshuffle on 13 November 2023, key positions at HM Treasury are now occupied as follows:Laura Trott MBE: chief secretary, with responsibility for public expenditure. She was previously parliamentary...