In brief

Finance Act 2018

The Finance Bill received royal assent on 15 March.

Tax transparency

Serbia has become the 149th member of the global forum on transparency and exchange of information for tax purposes. See here.

BEPS

The OECD has published eight further peer review reports on the implementation of new minimum standards for tax dispute resolution mechanisms under the base erosion and profit shifting (BEPS) action 14 covering the Czech Republic Denmark Finland Korea Norway Poland Singapore and Spain. See here.

Security deposits

HMRC is consulting on extending the scope of the security deposit regime to include corporation tax and the construction industry scheme from April 2019. The aim is to strengthen HMRC’s ability to deal with defaulters that pose a serious risk to the revenue. Responses should be emailed...