In brief: 23 March 2023

Anti-money laundering

HMRC has updated its guidance on helping to prevent money laundering and terrorist financing for a trust or company service provider. It now reflects the regulations for money laundering supervision.

tinyurl.com/hmrctcspr

Research and development

The Research and Development (Prescribed Activities) Regulations SI 2023/293 provide details of activities that are or are not to be treated as research and development for the purposes of ITA 2007 s 1006 with reference to the Business Energy and Industrial Strategy guidelines 2023.

tinyurl.com/si2023293

National Insurance

The Social Security (Contributions) (Amendment No 3) Regulations SI 2023/309 extend the deadline for paying voluntary National Insurance contributions for tax years between 6 April 2006 and 5 April 2016 to 31 July 2023.

tinyurl.com/si2023309

Mexico

Mexico has deposited its instrument of ratification for the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting which now covers around 1 850 bilateral tax treaties. The convention will enter...