NEWS

HMRC has produced new, single landing pages, bringing together its collections of guidance on the following subjects in one place:digital services tax;landfill tax;soft drinks industry levy;tobacco products duty; andliving or working abroad or...

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

The government has tabled the following amendments to Finance Bill 2024, to be taken at report stage on 5 February 2024:Schedule 1 (R&D): a new measure is added to the section on the R&D intensity condition to avoid double-counting in the calculation...

Clause 17 of Finance Bill 2024 gives HMRC the power to make regulations to address the over-collection of tax in cases of non-compliance with the IR35 rules (in other words, where the worker has incorrectly been treated as self-employed). HMRC have...

Companies House has confirmed its intention to introduce the first set of measures under the Economic Crime and Corporate Transparency Act on 4 March 2024. These will include greater powers to query information and request supporting evidence,...

The European Commission has announced a 30 day extension for businesses that were originally required to register and submit their first quarterly EU Carbon Border Adjustment Mechanism (CBAM) reports by 31 January 2024....

HMRC have updated its guidance on the additional information a company needs to send to HMRC to support their research and development (R&D) tax relief claims, and when and how to submit that information. The guidance confirms that agents submitting...

The Designation of Special Tax Sites (Humber Freeport) Regulations, SI 2024/71, designate areas in Humber as freeport tax sites with effect from 13 February 2024. Tax reliefs available in freeport tax sites include stamp duty land tax relief on...

The CIOT has published a discussion paper on whether a UK-resident individual shareholder of a non-UK resident company should declare, on their personal tax return, UK rental income received by the non-UK company. Although HMRC would expect that to...

HMRC’s Pension Schemes Newsletter 155 (January 2024) leads with the further changes (i.e. full abolition) to the pensions lifetime allowance, as introduced in Finance Bill 2024 Sch 9. Although the legislation now seems likely to be enacted in its...