Tax Journal, in partnership with Tolley and Taxation magazine, is conducting research on the potential impact of AI on UK tax. By way of thanks, a random selection of 200 respondents will be sent a 20 Amazon voucher. To take part, visit...
The Treasury Committees evidence session on the work of HMRC (24 April 2024) looked into various aspects of HMRCs operations including the processing of RD claims, with Committee member John Baron MP raising a number of questions...
The European Commission is inviting feedback on the rules and procedures for exchanging information between EU countries tax authorities. The evaluation will assess the effectiveness, efficiency and continued relevance of the DAC and its amendments...
HMRC have issued new basic guidance on common errors in plant and machinery allowances claims and how to avoid them. This is an addition to HMRC’s Guidelines for Compliance series which HMRC say ‘makes clear our view on complex, widely misunderstood,...
Data commissioned by Tax Policy Associates from polling specialist WeThink suggests that 50% of the UK public do not understand how the income tax bands work. The survey data asked the following question: ‘Suppose that you earn £50,270, the highest...
Tax Policy Associates (TPA) has drawn attention to a form of VAT fraud which exploits companies which routinely receive VAT refunds. Fraudsters operate the scheme by submitting a paper form VAT484 (which is used to notify HMRC of changes to a...
HMRC have published a new landing page from which all tertiary legislation relating to VAT can be accessed. Tertiary legislation is generally issued by government departments under authority granted to them in primary legislation (Acts of Parliament)...
HMRC have updated their guidance on joining Making Tax Digital for Income Tax on a voluntary basis to reflect the new online sign-up service which allows sole traders and landlords to register for the voluntary phase directly with HMRC, rather than...
The CIOT has responded to HMRC’s consultation on draft regulations which set out the detail of additional data-gathering powers under FA 2024 s 36 which are expected to come into force from April 2025. Key observations include:Requirement for...
