A number of new Regulations and Orders have been placed on the HMRC website in the last month, including the following.

Regulations

• The Finance Act 1994, Section 220 (Amendment) Regulations 2007.
• The Value Added Tax (Amendment) (No.4) Regulations 2007.
• The Biofuels and Other Fuel Substitutes (Payment of Excise Duties etc) (Amendment) Regulations 2007.

Orders

• The Value Added Tax (Reduced Rate) Order 2007.

The Pension Schemes (Categories of Country and Requirements for Overseas Pension Schemes and Recognised Overseas Pension Schemes) (Amendment) Regulations 2007 (SI 1600/2007) will take effect from 1 July. They will be of particular interest where transfers are made from UK registered pension schemes to Australian pension schemes.

A draft Statutory Instrument: The International Mutual Administrative Assistance in Tax Matters Order 2007, and explanatory memorandum, has been placed on the HMRC website. The draft SI is available at http://www.hmrc.gov.uk/si/draft-si-oecd.pdf.

A draft Statutory Instrument: The Double Taxation Relief (Taxes on Income) (Macedonia) Order 2007, and explanatory memorandum, has been placed on the HMRC website. The draft SI is available at http://www.hmrc.gov.uk/si/draft-dt-macedonia.pdf.