Other news in brief

Other news in brief

A round up of other news this week.

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The Office of Tax Simplification has announced Paul Morton as its new Tax Director, succeeding John Whiting. 

The OTS has published its responses to a number of HMRC consultations:

  • Making Tax Digital: transforming the tax system through better use of information.
  • Partnership taxation: proposals to clarify tax treatment.
  • PSA reform: simplifying the PAYE Settlement Agreement (PSA) process.
  • Salary sacrifice for the provision of benefits in kind.

HMRC have published guidance on their serial tax avoidance rules. 

HMRC have issued a compliance checks factsheet about the general anti-abuse rule (GAAR) and provisional counteraction notices.

Jim Harra, HMRC’s Tax Assurance Commissioner, has published a letter on HMRC’s plans to make tax digital, to assure businesses that digital filing should not impose a burden on them.

A double taxation convention was signed between the UK and Colombia in London on 2 November 2016. The convention will enter into force when both countries have completed their legislative procedures and exchanged diplomatic notes.

A double taxation convention between the UK and Lesotho was signed in London on 3 November 2016. The convention will enter into force when both countries have completed their legislative procedures and exchanged diplomatic notes. Until then the existing 1997 convention signed on 29 January 1997 will remain in force.

The Global Forum on Transparency and Exchange of Information for Tax Purposes has held its annual meeting to discuss improving tax transparency and achieving a level playing field.

Yael Selfin, KPMG’s Head of Macroeconomics, discusses how the creation of two new KPMG stock indices will help gauge investors’ appetite for UK exposure post-Brexit.

The British Retail Consortium and KPMG in the UK’s Retail Sales Monitor and Online Retail Sales Monitor have been published for October.

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