A round up of other news this week.
Ahead of the UK’s ratification of the OECD’s Multilateral Instrument (MLI), which is expected shortly, HMRC have published a list of proposed changes to the provisional list of UK reservations and notifications under the MLI as made at signature.
A memorandum of understanding on the UK-Spain 2013 Double Taxation Convention’s Article 25 Mutual Agreement Procedure arbitration process has been published.
HMRC have published updated details of the UK’s Enterprise Zones. A number of new or extended areas have been added and these are treated as assisted areas from 16 March 2016.
As Brussels seeks emergency powers to prepare for a hard Brexit, James Stewart commented that the actions taken by Brussels show how finely balanced the talks are set to become. With the scale and complexity of what is at stake, both businesses and clients should be prepared.
Yael Selfin, Chief economist at KPMG, discusses the latest UK inflation figures and why she thinks the MPC are likely to raise interest in its May meeting as part of a gradual course in tightening monetary conditions in the UK.