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HMRC is increasing the late payment rate of interest to 7%, and the repayment interest rate to 3.5% from 31 May 2023. Interest on quarterly instalment payments of corporation tax is also increased from 22 May 2023.

These regulations implement aspects of the Register of Overseas Entities. They prescribe the characteristics of a foreign limited partner, allow for information held within the Register to be removed on application under certain circumstances, and amend the protection elements in certain acts.

The Retained EU Law (Revocation and Reform) Bill will now not automatically remove remaining retained EU law and EU-derived secondary legislation on 31 December 2023.

Sierra Leone has become the 168th member – and 37th African member – of the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum).

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

The CIOT and ATT have responded to the HM Treasury consultation on future financial services regulatory regime for cryptoassets.

These Regulations increase the limits that apply to the amounts of capital that accredited community development finance institutions (CDFIs) can raise from corporate and individual investors, and on which those investors can claim community investment tax relief (CITR).

This Order provides a second further opportunity for shipping companies and groups to elect into the tonnage tax regime.

HMRC has made substantial changes to its Corporate Finance Manual at

HMRC has updated its guidance on Check when you can expect a reply from HMRC.

The OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) invite public comments on draft toolkits to support developing countries in addressing transfer pricing risks when pricing minerals.

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

HMRC has published its updated list of yearly average and spot foreign exchange rates for the year to 31 March 2023.

HMRC has updated its tax agents guidance to clarify when a tax agent must have an agent service account.

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

The OECD anticipates releasing a qualified domestic minimum top-up tax safe harbour by the summer of 2023, as part of its work to implement Pillar Two.

The UK government published various tax policy consultations and other updated documents on 27 April 2023.

Companies House has updated its guidance on how to register overseas entities with details on the changes in submitting information about trusts.

These Regulations amend the International Tax Compliance Regulations, SI 2015/878 to bring additional international exchange arrangements within scope to improve international tax compliance.

HMRC has updated the Kyrgystan: tax treaty page with information as to when the 2017 UK-Kyrgyz Republic Double Taxation Agreement entered into force and when it is effective from.