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Four weeks to 12 September 2019

Welcome to our latest update on recent developments in international and treasury tax of interest to multinationals operating in the UK


HMRC campaign - UK residential property ownership focus
HMRC are sending letters to both owners and occupiers of UK residential properties that they believe are owned by non-resident companies. The letters should not be ignored and it is important that great care is taken over the response. Read more.

Consultation outcome: Draft regulations: amendment to new rules on taxation of hybrid capital instruments
This technical consultation closed on 9 August 2019 and asked for views on draft regulations that will ensure new rules on the taxation of hybrid capital instruments work as intended for instruments with a takeover or change of control clause. HMRC have now added the consultation outcome, including a link to final regulations.