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These Regulations increase the land and buildings transaction tax additional dwelling supplement in Scotland from 4% to 6% with effect from 16 December 2022.

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.

Azerbaijan has joined international efforts against tax evasion and avoidance by joining the Inclusive Framework on BEPS.

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

HMRC has updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 12 December 2022 to 19 December 2022.

John Swinney, Deputy First Minister, delivered the Scottish government’s 2023–24 Budget on 15 December 2022.

Draft legislation has been published which impacts insurance companies who write, acquire or re-insure a specific type of long-term business known as basic life annuity and general assurance business (BLAGAB). This will come into force from 15 December 2022.

The CIOT has shared details from HMRC of a change in the implementation date for processing exports via CDS.

Regulations (SI 2022/1316) have been laid which prescribe the standard rate, lower rate and unauthorised disposals rate for landfill disposals tax in Wales on taxable disposals made on or after 1 April 2023.

HMRC has published a plan outlining the framework for evaluating the uncertain tax treatment (UTT) policy.

In an email alert to subscribers on 15 December, HMRC advised that the Using Making Tax Digital for Income Tax - GOV.UK (www.gov.uk) page had been updated on 14 December to extend the MTD ITSA pilot to 6 April 2026, but HMRC has since confirmed that this was an error.

The OECD has released the latest peer review assessments for 131 jurisdictions in relation to the compulsory spontaneous exchange of information on tax rulings.

These Regulations extend the period during which the Public Interest Business Protection Tax (PIBPT) could apply.

These Regulations amend the Social Security Contributions and Benefits Act 1992 (and its Northern Ireland equivalent), the Social Security (Contributions) Regulations 2001 (SI 2001/1004), and related legislation to introduce the Lower Profits Threshold (LPT).

The Welsh government has published its draft Budget setting out revenue raising and capital spending plans for 2023/24.

The CIOT has responded to the Public Accounts Committee (PAC) inquiry into the Digital Services Tax (DST).

The European Commission has proposed new tax transparency rules for all service providers facilitating transactions in cryptoassets for customers resident in the European Union.

The Council of the European Union has reached an agreement to implement at EU level the minimum taxation component for largest corporations, known as Pillar 2, of the OECD’s reform of international taxation.

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

Regulations have been laid which bring the changes to VAT interest payments into force from 1 January 2023.