NEWS

The UK, US, Austria, France, Italy and Spain have agreed an updated joint statement on the transition away from unilateral digital services taxes while discussions on Pillar One continue. This means that the ‘interim period’, during which new...

The Registrar of Companies (Fees) (Register of Overseas Entities) Regulations, SI 2024/153, increase the fees charged in respect of the register of overseas entities. The Regulations come into force on 1 May 2024....

The Council of the EU have removed The Bahamas, Belize, Seychelles and Turks and Caicos Islands from its list of non-cooperative jurisdictions for tax purposes. The EU list now consists of 12 jurisdictions: American Samoa, Anguilla, Antigua and...

HMRC are consulting on potential changes to its enquiry and assessment powers, and related penalties and safeguards. The consultation considers the following ‘reform opportunities’ in relation to HMRC’s enquiry and assessment powers:adoption of a...

HMRC have published responses to its consultation Simplifying and modernising HMRC's Income Tax services through the tax administration framework.In summary, HMRC intends to bring in new legislation to allow certain communications with taxpayers to...

In February 2024 Treasury Minutes, the UK government has responded to various points raised by the Public Accounts Committee (PAC) in relation to the making tax digital programme. Alongside setting out various tasks already underway and reiterating...

HMRC has updated the following guidance notes and Notices which may be of interest:Change or remove your tax agent's authorisation and Authorise a tax agent (64-8) – updated with information about changing an authorised tax agent.Construction...

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

The Institute for Fiscal Studies’ Tax Law Review Committee has published a new discussion paper, authored by former Office of Tax Simplification personnel Bill Dodwell, Patricia Mock and Sally Campbell. The paper Thresholds in the tax system: Policy...

HMRC has published draft guidance on the new rules for contracted-out R&D and for expenditure on payments to contractors where the R&D is necessarily undertaken outside the UK. This is a consultation on new, draft guidance for these two areas only,...