In brief

Transfer pricing

The OECD council has approved the amendments to the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations as set out in its 2015 reports on base erosion and profit shifting (BEPS) project actions eight to ten and action 13. The amendments provide clarity and legal certainty about the status of the BEPS changes to the guidelines.

CASCs

HMRC has updated the guidance on the community amateur sports club (CASC) scheme to include more information on VAT in annex 1.

ROPS

The list of schemes that have told HMRC they meet the conditions to be a recognised overseas pension scheme (ROPS) has been amended. Ten schemes have been added one removed and one amended.

Compliance sheets

HMRC has produced compliance check factsheets: Tax advantaged shares schemes – CC/FS1f  Employee tax advantaged share schemes – penalty...