NEWS

The Research and Development Relief (Information Requirements etc) Regulations, SI 2024/950, rewrite the requirements for information that must be submitted by companies in support of their RD claims, following introduction of the new RD...

HMRC have confirmed that savers will be able to hold fractional shares in ISAs. The Conservative government originally announced this change in the 2023 Autumn Statement, but it was put on hold as a result of the 2024 general election. After some...

In a proactive submission, the CIOT is seeking clarification of HMRCs position on whether non-cumulative shares with a fixed-rate dividend would still be regarded as ordinary share capital for the purposes of ITA 2007 s 989.HMRCs...

Responding to HMRCs draft Finance Bill consultation on proposed abolition of the furnished holiday lettings tax regime, the ATT notes the reduction in complexity associated with fewer types of property rental businesses for tax purposes, but...

The ATT broadly supports the proposed removal of the remittance basis, welcoming the clarity and certainty for non-doms around moving more generally to the statutory residence test. Acknowledging that the proposed changes have not yet been set out in...

In its comments on the government’s proposal to remove private school fees from the VAT exemption, the ATT outlines its principal concern around timing, with VAT applied to fees paid from 29 July 2024 in respect of terms starting on or after 1...

The Value Added Tax (Caravans) Order, SI 2024/910, makes sure that supplies of caravans manufactured in line with the relevant British Standard qualify for zero rating. The SI is designed to streamline the process for qualifying caravans, rather than...

HMRC is consulting on further draft guidance on the multinational and domestic top-up taxes. This batch includes all previously released pages (some of which have been updated) together with newly added guidance. The consultation closes on 23 October...

The Courts and Tribunals Judiciary (CTJ) has published the Administrative Court Judicial Review Guide 2024. The guide covers all stages of a judicial review claim and ‘is required reading for all those who conduct judicial review cases (whether or...

In a Budget representation, the CIOT has outlined the often criticised differential between late-payment interest (charged by HMRC when the taxpayer is late) and repayment interest (paid by HMRC to the taxpayer, where the taxpayer overpays/pays...