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HMRC has announced its intention to revoke the Moscow Stock Exchange’s status as a recognised stock exchange for tax purposes.

19 April 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has updated its guidance on settling disguised remuneration with the latest information to help taxpayers settle their liabilities, and with HMRC’s operational plans for April 2022 to March 2023.

The OECD is seeking public comments on the Extractives Exclusion under Amount A of Pillar One of the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy which introduces a new taxing right over a portion of the profit of large and highly profitable enterprises for jurisdictions in which goods or services are supplied or consumers are located.

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 11 April 2022 to 18 April 2022.

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

HMRC has updated its guidance on using Making Tax Digital for income tax, adding information to the 'Who can use Making Tax Digital for Income Tax' section about circumstances where users are not yet able to sign up for it.

HMRC has published new guidance on the

The OECD has received public comments the Implementation Framework of the global minimum tax consultation that it launched. The public consultation meeting will be held virtually on 25 April 2022.

Under BEPS Action 14, jurisdictions have committed to implement a minimum standard to improve the resolution of tax-related disputes between jurisdictions. Stage 2 peer review monitoring reports have been released for Andorra, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Faroe Islands, Macau (China), Morocco and Tunisia.

HMRC has updated its guidance on checking which packaging is subject to plastic packaging tax adding a new section about components that contain an adhesive.

The Advisory Group for Global Dialogue on Tax Matters (the Advisory Group) held the first meeting under its new mandate on 8 April 2022. The updated mandate reflects the developments in international tax co-operation along with the Advisory Group’s concurrent evolution over the past decade.

HMRC’s Stakeholder Digest (11 April 2022) provides a round-up of the latest news and updates including information on the Ukraine tax relief and guidance, Extending Making Tax Digital (MTD) to all VAT registered businesses and the introduction of the new 64-8 agent authorisation form.

HMRC has published the Chargeable gains for companies toolkit for 2021-22.

The Department for Business, Energy & Industrial Strategy (BEIS), in partnership with HM Treasury and HMRC sought views on the introduction of a UK re-domiciliation regime, which would make it possible for foreign-incorporated companies to re-domicile and therefore easier to relocate to the UK. The consultation closed on 7 January 2022. BEIS has now published a summary of the responses received.

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

The Government of Jersey has published a policy paper setting out its reflections on the Organisation for Economic Co-operation and Development's (OECD) two-pillar initiative which seeks to address the tax challenges arising from the increasing digitalisation of the economy. The paper includes a study of the issues presented by Pillars One and Two and Jersey’s approach towards implementation. The paper also sets out the factors that will be considered when determining the approach to the GloBE (Global Anti-Base Erosion) rules. Feedback is invited from stakeholders which should be submitted by 30 June 2022.

The CIOT has published a response to OECD’s consultation on implementation framework of the global minimum tax.

These Regulations ensure that households will not lose council tax discounts or exemptions as a consequence of hosting a sponsored individual or family under the Homes for Ukraine scheme which was announced to Parliament on 14 March 2022.

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 4 April 2022 to 11 April 2022.