The CIOT has welcomed the appointment of Kate Forbes MSP as minister for public finance and digital economy, whose remit includes tax policy, with a call to strengthen tax decision making through the introduction of annual Scottish Finance Bills.
Two new instruments extend the powers of Welsh Revenue Authority (WRA) officers to pursue money laundering investigations.
At 31 March 2018, there were over 25,000 appeals on hand in the First-tier Tribunal, the financial secretary to the Treasury, Mel Stride, has confirmed in his answer to a written parliamentary question.
HMRC has published the following:
In a joint position paper, France and Germany have set out their proposed approach to a common corporate tax base (CCTB) for the EU, with some notable modifications to the European Commission’s latest CCTB proposal.
The government has made regulations providing for the publication of state aid information to comply with the European Commission’s conditions for approval of the enterprise management incentives (EMI) scheme.
The fifth money laundering directive was published in the EU official journal on 19 June and will come into force on 9 July. The directive introduces broader access to information on beneficial ownership of companies and trusts, and tighter controls on certain transactions.
Vanuatu has signed the OECD’s ‘Multilateral convention on mutual administrative assistance in tax matters’, bringing to 123 the number of jurisdictions participating in the convention.