Five leading tax professionals, including HMRC's Judith Knott, took part in a roundtable discussion on UK tax competitiveness. Much of the discussion, chaired by John Overs, concerned CFC reform and the potential ‘gateway’ test to filter cases out of the regime.
A draft Order, bringing into effect a new comprehensive double taxation agreement between the UK and China, has been published. The agreement was signed in June.
The International Tax Enforcement (Aruba) Order, SI 2011/2435, brings into effect an agreement for the exchange of information for tax purposes between the UK and the Kingdom of the Netherlands, in respect of Aruba.
The International Tax Enforcement (Liberia) Order, SI 2011/2434, brings into effect an agreement for the exchange of information for tax purposes between the UK and the Republic of Liberia.
The Double Taxation Relief and International Tax Enforcement (Mauritius) Order, SI 2011/2442, brings into effect arrangements set out in a protocol amending the Convention made in 1981 between the UK and the Republic of Mauritius.
The Double Taxation Relief and International Tax Enforcement (South Africa) Order, SI 2011/2441, brings into effect arrangements set out in a protocol amending the existing double taxation convention between the UK and South Africa.
HMRC beat a hasty retreat on treaty anti-avoidance but it remains to be seen whether the OECD will back off from the ‘beneficial ownership’ debate, explains Helen Lethaby in this month's briefing