The OECD has released eight peer review reports on implementation by Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand and Portugal of new minimum standards for tax dispute resolution mechanisms under BEPS Action 14.
The government has published three draft orders which will give effect to the new comprehensive double taxation agreements signed in July with Jersey, Guernsey and the Isle of Man.
The Former Yugoslav Republic of Macedonia (FYROM) has become the 117th jurisdiction to join the Inclusive Framework on BEPS (https://bit.ly/2LDagtT).
Details of the appeal brought by Amazon on 22 May 2018 against the European Commission’s conclusion that the company received illegal state aid under a tax ruling in Luxembourg have been published on the Court of Justice’s Curia website.
The European Commission has initiated infringement proceedings in respect of share loss relief and CGT relief for irrecoverable loans to traders, and has escalated proceedings on an aspect of the UK’s administration of the VAT mini one-stop-shop.
The 2018 protocol to the UK/Mauritius double taxation convention, signed in February, entered into force on 13 July. The protocol is effective in both countries from 28 February 2018.
The OECD and IMF have published an update to their 2017 report identifying practical approaches and solutions to sources of uncertainty in tax matters.
Ukraine has become the 83rd country to sign the OECD’s ‘Multilateral convention to implement tax treaty related measures to prevent BEPS’.
Following the UK’s ratification and deposit of the BEPS multilateral instrument (MLI) on 29 June, HMRC has published the final list of UK reservations and notifications.