In brief: 30 November 2023

Investment zone

The government has launched England’s third investment zone in West Yorkshire focused on Huddersfield Bradford and Leeds. The chancellor also confirmed that the investment zones programme in England will be extended from five to ten years.

tinyurl.com/invzonewestyorkshire

Azerbaijan

Azerbaijan has signed the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting (BEPS). It is the 102nd jurisdiction to join the convention which now covers over 1 900 bilateral tax treaties.

tinyurl.com/oecdbepsazerb

Norway

The Norwegian government has published the synthesized text of the Organisation for Economic Co-operation and Development base erosion and profit-shifting multilateral instrument and the 2013 Norway-UK income and capital gains tax treaty.

tinyurl.com/norwaytaxtr

Insurance companies

The Insurance Companies (‘The Long-term Business Fixed Capital’) Regulations SI 2023/1236 clarify which assets are and are not to be treated as structural assets of an insurance company’s long-term business.

tinyurl.com/si20231236

Scottish Aggregates Tax Bill

The Aggregates Tax and...