NEWS

Recent developments in tax.

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. Direct taxesManual Page Comments Corporate Intangibles Research And Development...

HMRC is on high alert to investigate the tax affairs of those who have used offshore tax arrangements, following the Pandora Papers leak to a number of investigative journalism organisations, according to law firm RPC. The firm says HMRC has...

The Subsidy Control Bill, which will introduce a subsidy control regime for the UK (replacing the EU state aid rules), is expected to be considered by a Public Bill Committee starting on 26 October 2021. According to the proposed programme motion for...

HMRC’s Pension schemes newsletter 133 covering the annual return of information and notification of residency status reports, delay in the release of the new pension scheme migration tool until November 2021, and an update on reporting multiple small...

Hiring for tax accountants across firms in England and Wales (E&W) has reached record levels, with some large firms already posting year-on-year rises in recruitment just five months into 2021. According to new labour market data from Morgan McKinley...

The EU’s decided on 5 October to remove Anguilla, Dominica and Seychelles from its list of non-cooperative jurisdictions for tax purposes. Those countries are moved to the Annex II state of play ‘grey’ list which covers jurisdictions which do not yet...

The Social Security (Switzerland) Order, SI 2021/1088 makes provision for the modification of UK social security legislation to give effect to the Convention on Social Security Co-ordination agreed between the UK and the Swiss Confederation on 9...

Rwanda has committed to implement the international standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2024, becoming the 120th member of the Global Forum to commit to start AEOI....

HMRC has published the synthesised texts of the UK’s double tax conventions with both Iceland and South Korea as modified by the BEPS multilateral instrument (MLI).The modifications made by the MLI are effective for: taxes withheld at source, from 1...

HMRC has published the Switzerland-UK memorandum of understanding (MOU) on arbitration under Article 24 of the UK-Switzerland Double Tax Convention. Article 24 deals with the mutual agreement procedure for dealing with disagreements on the...

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