In brief: 12 October 2023

Pillar two

The Organisation for Economic Co-operation and Development/G20 inclusive framework on base erosion and profit shifting has concluded negotiations on a multilateral instrument that will protect the right of developing countries to ensure multinational enterprises pay a minimum level of tax on a broad range of cross-border intra-group payments including services.

tinyurl.com/oecdpillar2oct

Remittance basis toolkit

HMRC has issued a new toolkit for advisers to consider if taxable remittances of income and gains have been made by a client who has used the remittance basis.

tinyurl.com/hmrcrembasistk

Trader support service

The trader support service (TSS) that helps those moving goods between Great Britain and Northern Ireland has been extended until December 2024.

tinyurl.com/hmrctssdec24

Green freeports

The Land and Buildings Transaction Tax (Green Freeports Relief) (Scotland) Order SSI 2023/280 provides for relief from land and buildings transaction tax in designated Scottish green...