Welcome to the latest issue of Tax Refresher, our bi-monthly newsletter for large corporate and international businesses. In this issue, we delve into several crucial developments that are shaping the landscape of taxation and economic policies.
From Transfer Pricing and a Historic Landmark Agreement on International Tax Reform to the latest updates on the Windsor Framework, HMRC Audits, Capital Allowances and HMRC’s Customs Special Procedures, we provide you with valuable insights to help you navigate these complex and ever-evolving tax landscapes. So, grab a cup of coffee, sit back, and immerse yourself in the knowledge that will empower you to make informed decisions and stay ahead of the curve in the realm of taxation.
We hope you find our newsletter interesting and informative.
In this issue, you’ll find the following key topics:
![Pillar 2 Final 100x100](https://optimise2.assets-servd.host/mac-hud/production/Icons/BEPS/Pillar-2-Final-100x100.png?w=100&h=100&auto=compress%2Cformat&fit=crop&dm=1686154570&s=1132ae9b02601b2d6afc3029ce69230d)
latest insights and resources including global updates.
Transfer Pricing and a Historic Landmark Agreement on International Tax Reform, Windsor Framework, HMRC Audits, UK Qualifying Asset Holding Companies, Capital Allowances and HMRC’s Customs Special Procedures.
Our experts delve into the latest trends that are impacting global businesses. In this issue, we look at how Digital tax reforms have fraud in their sights and taxing time for short-term tourism operators as ViDA reforms bite.
BEPS 2.0: Latest developments and insights on the two-pillar international tax framework proposed by the OECD.
Read more![Earth from orbit](https://optimise2.assets-servd.host/mac-hud/production/Earth-from-orbit.jpg?w=400&h=225&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1692622314&s=8d5946a4eb68273eabe74c763d4e2bc5 400w, https://optimise2.assets-servd.host/mac-hud/production/Earth-from-orbit.jpg?w=600&h=338&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1692622314&s=63294acc8dba80689d9026462e34275f 600w, https://optimise2.assets-servd.host/mac-hud/production/Earth-from-orbit.jpg?w=787.55555555556&h=443&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1692622314&s=a85027f8e2723aabbdd4034b778ba5c8 787w, https://optimise2.assets-servd.host/mac-hud/production/Earth-from-orbit.jpg?w=786.85612788632&h=443&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1692622314&s=f9d80c2e522c1ff304cf335b3a282cc1 786w)
Read more Tax Insights
![Stair way](https://optimise2.assets-servd.host/mac-hud/production/Insights/Stair-way.jpg?w=400&h=225&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1687188988&s=35bf254445c84c58ffeb75b62c3b6c02 400w, https://optimise2.assets-servd.host/mac-hud/production/Insights/Stair-way.jpg?w=600&h=338&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1687188988&s=f7eb9006f4b03183f8a10bb7f07decc9 600w, https://optimise2.assets-servd.host/mac-hud/production/Insights/Stair-way.jpg?w=724&h=407.25&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1687188988&s=5f21e3407c6e8fc4272ea38762da13bd 724w)
UK Qualifying Asset Holding Companies regime key features
UK qualifying asset holding company key features
![Retail and metaverse](https://optimise2.assets-servd.host/mac-hud/production/Insights/Retail-and-metaverse.jpg?w=400&h=225&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1686914794&s=b4f26b6556af6f1456aa3a125d8737ff 400w, https://optimise2.assets-servd.host/mac-hud/production/Insights/Retail-and-metaverse.jpg?w=600&h=338&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1686914794&s=6c47a7ed6866811b46d17fb1d27b65d0 600w, https://optimise2.assets-servd.host/mac-hud/production/Insights/Retail-and-metaverse.jpg?w=724&h=407.25&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1686914794&s=22544e7541ac95d45c66b83cec6bead2 724w)
Understanding the UK Taxation Landscape in the Metaverse
Tax implications in the Metaverse
![Linkedin sales solutions i1 MX Zu Hq D2k unsplash](https://optimise2.assets-servd.host/mac-hud/production/linkedin-sales-solutions-i1MXZuHqD2k-unsplash.jpg?w=400&h=225&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1691135507&s=93ffb057ac7a58c7df2b06b62b2c0186 400w, https://optimise2.assets-servd.host/mac-hud/production/linkedin-sales-solutions-i1MXZuHqD2k-unsplash.jpg?w=600&h=338&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1691135507&s=6a2d1f1980d871824dbcce8521772b24 600w, https://optimise2.assets-servd.host/mac-hud/production/linkedin-sales-solutions-i1MXZuHqD2k-unsplash.jpg?w=800&h=450&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1691135507&s=64644f45fd857842621e0b316b55075f 800w, https://optimise2.assets-servd.host/mac-hud/production/linkedin-sales-solutions-i1MXZuHqD2k-unsplash.jpg?w=1000&h=563&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1691135507&s=5747c4a8f8afa59828d7fb1648aec4b8 1000w, https://optimise2.assets-servd.host/mac-hud/production/linkedin-sales-solutions-i1MXZuHqD2k-unsplash.jpg?w=1200&h=675&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1691135507&s=adf77e888ad364b944c9c98ad8ec6741 1200w, https://optimise2.assets-servd.host/mac-hud/production/linkedin-sales-solutions-i1MXZuHqD2k-unsplash.jpg?w=1400&h=788&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1691135507&s=1667d02a4212ec58019e0032a686976d 1400w, https://optimise2.assets-servd.host/mac-hud/production/linkedin-sales-solutions-i1MXZuHqD2k-unsplash.jpg?w=1440&h=810&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1691135507&s=e6373e8359d2bf7ec971aa785b463d2b 1440w)
What are the chances of HMRC auditing my company?
HM Revenue & Customs (HMRC) are required, under UK customs legislation, to carry out reviews of international trade activities to ensure that the UK’s borders are working effectively, and the correct taxes are being paid to HM Treasury.
![HMRC letter](https://optimise2.assets-servd.host/mac-hud/production/Insights/HMRC-letter.jpg?w=400&h=225&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1690902734&s=49dd3ecec99b8a72876c43f98d295c7f 400w, https://optimise2.assets-servd.host/mac-hud/production/Insights/HMRC-letter.jpg?w=600&h=338&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1690902734&s=091df1c9aadc3138253e95d1dd3785f7 600w, https://optimise2.assets-servd.host/mac-hud/production/Insights/HMRC-letter.jpg?w=734&h=412.875&q=80&auto=format&fit=crop&crop=focalpoint&fp-x=0.5&fp-y=0.5&dm=1690902734&s=c9544666c5b7c36982a94e6fa56cb4d7 734w)
Capital Allowances Claims Under Scrutiny by HMRC
The implementation of the accelerated 130% super deduction and the introduction of 100% full expensing capital allowances have generated significant interest from HMRC.
Get in touch
As ever, if there are any points you wish to discuss further from this issue, please do not hesitate to contact a member of our Corporate Tax team by completing our online enquiry form.