UK HMRC has published an updated synthesized text of the tax treaty with China as impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). This includes an update to Section 1 of Article 25 (Mutual Agreement Procedure) in the synthesized text, providing that a case must be presented within three years from the first notification of the action resulting in taxation not in accordance with the provisions of the treaty. Th…