Highlights from the broader tax news for the week ending 3 November, including: G20 leaders signing up to OECD two-pillar approach to international taxation and HMRC further widens agent access to employer client data.
G20 heads of state endorse two-pillar approach to international taxation
At the G20 summit held in Rome on 30 and 31 October, the G20 heads of state endorsed the two-pillar solution reached by 136 members of the OECD’s inclusive framework on 8 October. The G20 leaders called for the inclusive framework to swiftly develop the model rules and multilateral instruments agreed in the implementation plan. Read more.
Agent access to employer client data widens further
From 1 November tax agents with up to 7,500 clients are being invited to sign up to view the PAYE tax liabilities and payments of clients via their agent portal. Confirmation came in a post in HMRC’s agent forum, which also confirmed that the removal of the requirement for agents to confirm they act for a client before accessing the new data, has been pushed back to “towards the end of November”. The post also warns that for agents with more than 2,000 clients that data may take several seconds to load. Find out more.
ICAEW Know-How from the Tax Faculty
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