NEWS

Bulgaria has deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS Convention) with the OECD. For Bulgaria, the BEPS Convention will enter...

Writing to the chancellor, the Treasury Committee has asked for an assurance that, should the 23 September ‘fiscal event’ involve major changes to taxation, the government would publish accompanying OBR forecasts ‘outlining the health of the nation’s...

In response to HMRC’s consultation on measures to ‘address consumer protection issues for taxpayers who claim tax repayments via repayment agents’, the CIOT notes a number of key points:Measures which ensure taxpayers pay the correct amount of tax...

The CIOT and LITRG have responded to the Scottish Government’s call for evidence on block grant adjustments. Key points include:Improving the understanding of the mechanism and calculations of the block grant adjustments among all stakeholders is...

Businesses submitting import declarations businesses must use the Customs Declaration Service (CDS) from 1 October 2022 after which the Customs Handling Import and Export Freight (CHIEF) system will close for import declarations. HMRC has confirmed...

As this edition went to print, the Treasury had confirmed that the new chancellor would deliver the UK government’s ‘growth plan’ to Parliament on Friday 23 September 2022. Although no specific details had been confirmed, it was expected that this...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.Direct taxesManual Page Comments Company Taxation Manual Updated: CTM61505 Update...

France, Germany, Italy, the Netherlands and Spain have issued a joint statement committing to the swift implementation of Pillar Two in the EU 2023 ‘'by any possible legal means’. The statement was issued after an informal meeting of EU finance...

We await a formal announcement on the date of a fiscal event planned for next week. Although this was initially expected to take place on Wednesday 21 September, it now looks more likely that it may take place on Thursday 22 September or even Friday...

Thepublic consultation meetingon the progress report on Amount A of Pillar One held on 12 September focused on the marketing and distribution safe harbour (MDSH) and the elimination of double taxation. The OECD recognised the importance...