The increasing demand for tax transparency means that firms advising high net worth clients (HNWI) need to be prepared for a ‘quantum leap’ to meet international global compliance requirements and the common reporting standard, says Geoff Cook, CEO, Jersey Finance

Our monthly roundup of key tax cases including right of appeal in Dyson partnership case, scrip dividend treated as capital for inheritance tax in settlement agreement, OECD finalises rollout of new BEPS tax avoidance rules, Summer Budget scheduled for July and HMRC recognises second union with launch of RCTU for tax staff  

The OECD has moved to the next stage of its work on countering multinational tax avoidance and profit shifting and has elected the working group chair to start the drafting of the multilateral instrument to implement the tax treaty-related Base Erosion and Profit Shifting (BEPS) Action Plan, which would allow governments to swiftly amend tax treaties to counter avoidance

The government has committed to a tax lock on rates for national insurance, income tax and VAT for employers and employees , and will push through plans for a fast-tracked EU referendum by the end of 2017, outlined in the Queen's speech at the opening of parliament today