In brief: 8 June 2023

ERS bulletin

Employment Related Securities (ERS) Bulletin 51 contains information on the mechanism for calculating the bonus rates for save-as-you-earn participants. The mechanism will apply from 18 August 2023 and is expected to result in a bonus being provided to new participants for the first time since 2014.

tinyurl.com/hmrcers51

Pensions newsletter

Pension Schemes Newsletter 150 is now available. It contains articles on relief at source and the managing pension schemes service.

tinyurl.com/hmrcpsn150

Trusts

HMRC has updated its guidance on trust registration with information on how it will respond to reports of disproportionate risk of harm.

tinyurl.com/hmrcregclienttr

Pensions consultation

HMRC has launched a technical consultation on draft tax regulations which set out changes to how pensions tax rules will apply as a result of the public service pensions remedy. The consultation closes on 19 June.

tinyurl.com/hmrcpspcondoc

San Marino

The UK-San Marino double taxation convention was signed on...