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The European Commission announced that it has closed three in-depth State aid investigations into transfer pricing tax rulings granted by Luxembourg to Fiat and Amazon, and by the Netherlands to Starbucks.

HMRC has updated guidance on registering as an agent or receiving an agent code to confirm the timescale for a response is now up to 40 days.

The UK Government has set out next stages for Parliamentary scrutiny of the Finance Bill.

HMRC has published new guidance advising taxpayers how to check if they need to tell HMRC about income from online platforms.

The CIOT has written a letter to the Chair of the Treasury Committee, Dame Meg Hillier MP regarding some of the tax measures in the October 2024 Budget.

HMRC has published its latest Employment Related Securities Bulletin 58 (November 2024).

The OECD has published a number of reports on its Global Forum on Transparency and Exchange of Information for Tax Purposes.

Jersey is consulting on the Crypto-Asset Reporting Framework (CARF) Regulations and changes to the CRS and FATCA Regulations.

The CIOT has published its response to the legislative changes to the Employee Ownership Trusts (EOTs) which took effect from 30 October 2024. The changes are in Finance Bill 2025 clause 31 and Schedule 6.

HMRC has published updated advisory fuel rates for company cars, effective from 1 December 2024.

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.

25 November 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

Details of updates to HMRC import, export and customs guidance for the period from 19 to 25 November 2024.

HMRC has published Spotlight 67, providing comprehensive guidance on Managed Service Companies (MSCs) and MSC Providers, including how to identify them and their role in tax avoidance schemes.

HMRC has published issue 125 of Agent Update.

HMRC has published details of the online service to use when replacing the filing member for an existing Pillar 2 top-up taxes account.

HMRC is reducing the late-payment interest rate to 7.25% and the repayment rate to 3.75% from 26 November 2024 for most taxes and payments. Interest on quarterly instalment payments of corporation tax will also be reduced from 18 November.

These Regulations are made to amend the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (the LTTA 2017) to insert a new Schedule 21A (relief for special tax sites) which provides for a new relief from land transaction tax for qualifying transactions of land within a special tax site.

HMRC has published new guidance on paying Pillar 2 top-up taxes

These Regulations outline the methodology for calculating the average prices of oil and gas over a reference period, which will determine if the conditions for the early termination of the Energy Profits Levy (the Energy Security Investment Mechanism) under Section 17A(1) of the Energy (Oil and Gas) Profits Levy Act 2022 (the 2022 Act) have been met.