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These Regulations provide an exemption from stamp duty and stamp duty reserve tax (SDRT) for the transfer of certain types of loan notes issued as part of securitisation and insurance-linked securities (ILS) arrangements.

These regulations amend the Taxation of Securitisation Companies Regulations 2006, SI 2006/3296 (TSCR). The TSCR introduced new tax rules with effect from accounting periods beginning on or after 1 January 2007 for securitisation companies involved in the securitisation of financial assets.

These Regulations amend the International Tax Compliance Regulations 2015, SI 2015/878 (the principal Regulations) to bring additional international exchange arrangements within scope. The principal Regulations apply to arrangements entered into by the UK by a given date. This date is periodically extended, this time to 20 April 2022.

The First-tier Tribunal (FTT) has published guidance on taking oral evidence from abroad.

The OECD has received responses to the consultation on the Draft Model Rules for Domestic Legislation on Scope under Pillar One Amount A.

HMRC has published the Company Losses Toolkit for 2021-22.

Belize and Cameroon have deposited their instruments of ratification with the OECD for the BEPS Multilateral Instrument.

The ATT has shared an update on how HMRC is recovering Self-Employment Income Support Scheme (SEISS) grants where taxpayers need to repay some or all of their grant.

HMRC has published Agent Update issue 95 (April 2022) providing a round-up of recent developments for tax agents and advisers.

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 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.

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 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.

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.

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