NEWS

The Welsh Government has launched a consultation on a proposal to withdraw charitable non-domestic rates relief from private schools with effect from 1 April 2025 (mirroring the proposed withdrawal of relief in England). The accompanying press...

The Inclusive Framework on BEPS has published a new multilateral convention (MLC) to facilitate the implementation of the Pillar Two Subject to Tax Rule (STTR). As at 19 September 2024, the MLC had been signed by nine jurisdictions, and remained open...

The OECD Inclusive Framework on BEPS has published a compilation of 2024 peer review reports on country-by-country (CbC) reporting. This is the seventh annual peer review for the BEPS Action 13 minimum standard, covering 138 jurisdictions.Key...

HMRC’s Agent Update 123 for September 2024 covers a range of recent developments, including the following key points:reminder of the updated additional information required alongside R&D claims under the April 2024 regime, noting that the additional...

HMRCs latest newsletter confirms that regulations will be introduced as soon as parliamentary time allows to correct the pensions lifetime allowance abolition legislation (following the recent consultation with industry)....

Pinsent Masons reports that HMRCs serious criminal tax investigations brought in 991m in 2023/24, up from just 89m in the previous tax year. 653m of that total came from HMRCs case against Bernie Ecclestone but the...

HMRC have significantly increased their use of joint and several liability notices to recover tax debts from individual directors where the company has become, or is likely to become, insolvent. Pinsent Masons highlights a 225% increase, with...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

The Chancellor has already confirmed that the Business Tax Roadmap is to be included in the 30 October 2024 Budget. Welcoming that commitment, the CIOT highlights points of key importance for business and the tax profession:The overwhelming feedback...

HMRCs new guidelines for compliance on transfer pricing (CfC7), published last week, suggests a more aggressive approach to tax enforcement, says LCN Legal, a firmspecialising in providing intercompany agreements for MNEs.Paul...