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Two weeks to 30 October 2020

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

Responding to the business impacts of COVID-19
Visit our global crisis centre webpage and our COVID-19 hub on TheSuite to continue to keep up to date with developments on this topic.  Of particular relevance to multinational companies operating in the UK, navigate the global tax, legal and economic measures in response to COVID-19 by territory here.  In relation to the UK:

Updated HMRC guidance

UK access to European Union arbitration and dispute resolution - Time to make a claim?
The UK ceased to be a Member State of the EU on 1 February 2020 and we are now in a period of transition which will end on 31 December 2020. During this period the UK continues to follow the EU rules on arbitration and dispute resolution. How will this change when the transition period ends and should we be taking action now? Read more.