In brief: 17 November 2022

The Taxation (International and Other Provisions) Act 2010 Transfer Pricing Guidelines Designation Order SI 2022/1147 updates the definition of ‘transfer pricing guidelines’ to refer to the Organisation for Economic Co-operation and Development’s 2022 transfer pricing guidelines. This order comes into force on 1 January 2023.

tinyurl.com/si20221147

The Hybrid and Other Mismatches (Financial Instruments: Excluded Instruments) (Amendment) Regulations SI 2022/1144 amend the hybrid and other mismatch rules to retain an exemption for certain regulatory capital instruments issued by banks. These regulations come into force on 31 December 2022.

tinyurl.com/si20221144

HMRC Belfast regional centre and UK government hub was formally opened on 19 October. Erskine House on Chichester Street first opened for business in December 2019 but its official opening has been delayed due to the Covid-19 pandemic. The building is home to around 2 100 HMRC employees and more than 250 other civil servants.

tinyurl.com/hmrcbelfast

Since 6 April...