Five things you need to know about tax, 10 August 2018

Aug 09, 2018

Highlights this week include Revenue guidance on how to recoup overpayments made to employees, new requirement to correct legislation in the UK and Ukraine signs up to BEPS Convention. 


  1. Overpaid an employee and need to recoup? Revenue have published guidance on how to do this in a Tax and Duty Manual
  2. Following discussions at recent TALC meetings, Revenue have produced updated guidance a Transfer of Business Relief



  3. New requirement to correct (RTC) legislation takes effect later this year from 1 October 2018.  HMRC have asked us to share their document on this legislation



  4. Ukraine signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS), becoming the 83rd jurisdiction to join the Convention
  5. Antigua and Barbuda recently signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters becoming the 125th member of the Convention