In brief

BEPS

The Organisation for Economic Co-operation and Development has published Harmful Tax Practices – Peer Review Reports on the Exchange of Information on Tax Rulings. It reflects the outcome of the first peer review of the implementation of the base erosion and profit shifting project action 5.

Company tax

HMRC has published draft Taxation of Securitisation Companies (Amendment) Regulations 2018. Comments should be emailed to elizabeth.wardpenny@hmrc.gsi.gov.uk by 15 January 2018.

VAT

The latest issue of HMRC’s VAT Notes 2017 has information on using the correct HMRC bank account details with paying-in slips paying electronically paying VAT duty and handling fees on goods received from outside the EU the new rules on the disclosure of avoidance schemes and online applications for the fulfilment house due diligence scheme. See here.

Tax avoidance

The...