In brief

Compliance

The Chartered Institute of Taxation and the Association of Taxation Technicians have produced a practical guide on the scope and operation of the requirement to correct (RTC) in F(No 2)A 2017 Sch 18. Part 5 makes clear that HMRC’s RTC guidance does not explain what will happen if a taxpayer has not finished the correction process on a disguised remuneration settlement by 30 September.

See here.

Salary sacrifice

HMRC’s guidance has been updated to show the new email address for its clearances team in Southend. It outlines the rules for calculating the value of benefits-in-kind under salary sacrifice arrangements from 6 April 2017.

See here.

BEPS

Saudi Arabia has become the 84th jurisdiction to sign the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting (BEPS). The convention now covers over 1...