On 16 April 2018, the UK's HM Revenue & Customs (HMRC) published a proposed revised list of UK reservations and notifications which will be added to the OECD multilateral instrument (MLI).

The MLI has been designed to modify the application of more than 1,200 bilateral tax treaties worldwide in order to implement swiftly provisions agreed in the OECD BEPS project. The latest UK list is an update to the provisional list supplied by the UK at the time of signing the multilateral instrument in June 2017. The updates amend errors in the original notifications, list agreements that were omitted in error, list agreements that have been signed with other jurisdictions since signing the multilateral instrument, and removes those agreements where UK’s treaty partners have agreed to make modifications through a bilateral agreement.  

For further information, please contact Paul Hale or Anvit Jain.