In brief: 29 September 2022

Agent update

Agent Update 100 is available. It covers various subjects including 2021-22 self-assessment exclusions and specials documents freeports update the economic crime levy and the capital gains tax on UK property account — agent authorisation for digitally excluded customers.

tinyurl.com/hmrcau100

Customs

HMRC has launched an online form for businesses to ask for permission to use customs handling of import and export freight (CHIEF) for imports temporarily from 1 October if they have been unable to migrate to the customs declaration service.

tinyurl.com/hmrcchieftempform

Hybrid and mismatch rules

HMRC has confirmed that new regulations will ensure the existing exemption from counteraction under the hybrid and other mismatch rules for hybrid capital and debt instruments issued by banks continues to apply from 1 January 2023.

tinyurl.com/hmrchybridpp

Luxembourg treaty

HMRC has published the UK-Luxembourg memorandum of understanding on the arbitration process under part VI of the multilateral instrument.

tinyurl.com/hmrcluxmou...