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Autumn Statement 2023 provided a full package of tax measures, many of which had been pre-announced. New items included cuts to both employee and self-employed NICs and permanent ‘full expensing’ for companies.

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

20 November 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

The government has launched a third investment zone in England, and has confirmed that the investment zones and freeport tax site programmes in England are to be extended from five to ten years.

The OECD is inviting public inputs on proposed changes to the Commentary on Article 5 of the OECD Model Tax Convention and its application to extractible natural resources.

The OECD has released the seventh annual progress report of the OECD/G20 Inclusive Framework on BEPS.

The CIOT has sent a proactive submission to HMRC on residential property developer tax (RPDT) just and reasonable apportionment and other uncertainties.

Fiji has become 169th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum).

Kuwait has joined the OECD/G20 Inclusive Framework on BEPS.

These Regulations are the first commencement regulations made under the Economic Crime and Corporate Transparency Act 2023.

HMRC has published Agent Update issue 114 (15 November 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

HMRC has published new guidelines on qualifying Research and Development (R&D) for tax purposes.

13 November 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

The UK and other jurisdictions announce their intention to implement the Organisation for Economic Co-operation and Development’s latest tax transparency standard, the Crypto-Asset Reporting Framework (CARF).

HMRC has updated its guidance to add information about using box 773 for the 50% first-year allowance.

The Philippines has joined the international efforts against tax avoidance by joining the OECD/G20 Inclusive Framework on BEPS.

San Marino has ratified the income tax treaty with the UK.

HMRC has updated its guidance for UK agencies and businesses placing or using temporary labour, on reducing the risk of using an umbrella company that operates a tax avoidance scheme.

The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has published new peer review reports on transparency and exchange of information on request (EOIR) for six of its members (Latvia, Mauritania, Pakistan, Poland, Serbia and Thailand), and supplementary reports that reflect progress made by two members (Botswana and Dominica) in implementing the EOIR standard.

As part of the ongoing work of the OECD/IGF partnership on BEPS in the mining programme, the OECD and IGF invite comments on a draft toolkit to support developing countries in addressing base erosion and profit-shifting (BEPS) risks when pricing minerals.