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These Regulations exempt certain payments made under the War Widows Recognition Payment Scheme from liability to Class 1 National Insurance Contributions (NICs) and income tax. These regulations come into force on 1 December 2023.

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.

HMRC has updated its guidance on paying tax with deposits.

Tax Analysis: In SKAT v Solo Capital Partners and others, the Supreme Court has upheld the decision of the Court of Appeal that Dicey rule 3 (now rule 20) also known as the revenue rule does not apply in this case where the Danish tax authority seeks to recover money defrauded from it and not a claim of a sovereign character to enforce unpaid Danish tax or to recover Danish tax. SKAT’s claims against Solo Capital Partners and others to recover the money defrauded from it can proceed to a trial in an English court. As well as outlining a summary of the decision, this News Analysis also contains commentaries from Hugh Gunson, Partner, Charles Russell Speechlys LLP and Jonathan Schwarz, Temple Tax Chambers (Tax Counsel to SKAT).

HMRC has updated VAT notice 701/19 on supplies of fuel and power for suppliers or users.

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.

The CIOT has sent a letter to HMRC seeking confirmation of their understanding in relation to the commencement of the new UK/Luxembourg double tax treaty which was signed on 7 June 2022.

Details of updates to HMRC import, export and customs guidance for the period from 30 October 2023 to 6 November 2023.

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

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 responded to the CIOT’s comments on the draft Finance Bill 2023-24 legislation on ‘Dealing with promoters of tax avoidance’.

Scottish government ministers have announced that the Scottish Budget will be presented to Parliament on 19 December 2023.

The SCTS requests parties who want to take oral evidence from witnesses located outside the UK to follow guidelines when doing so.

HMRC has published new basic guidelines on revised procedural requirements for tax agents claiming certain repayments of tax (in nominee capacity) from February 2024.

HMRC has launched a consultation on draft regulations which will introduce interest charges on the late payment of Electronic Sales Suppression penalties.

HM Treasury (HMT) has published the government’s response to its February 2023 consultation on a future financial services regulatory regime for cryptoassets. The government has confirmed its final proposals for cryptoasset regulation in the UK, including its intention to bring a number of cryptoasset activities into the regulatory perimeter for financial services for the first time. HMT has also published the government’s response to its consultation on managing the failure of systemic digital settlement asset (including stablecoin) firms by applying a modified Financial Market Infrastructure Special Administration Regime (FMI SAR) to such firms, and an update on the government’s policy concerning the regulation of fiat-backed stablecoins.

The CIOT has responded to the House of Lords Economic Affairs Finance Bill Sub-Committee call for evidence on four areas covered by the draft legislation for the next Finance Bill.