NEWS

The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (Amendments to Schedule 5) Regulations, SI 2024/791, extend the three-year ‘replacement of main residence’ exception and refund period for higher rates residential...

HMRC have published form P1000 online for the first time, it having previously only been available on request from HMRC. The form is used to advise HMRC of the personal representatives on a death and also to authorise someone to act for them, rather...

HMRC have launched a new tool aimed at businesses which are considering registering for VAT. The tool will estimate the impact of registration on the business, including amounts of VAT that might need to be paid or reclaimed. In order to use the...

HMRC have brought together its collection of guidance on the multinational top-up tax and domestic top-up tax, which can now be accessed from a single landing page. This includes HMRCs latest guidance, How to prepare for the Multinational...

James Murray, the new Exchequer Secretary (XST), has been given responsibility for the UK tax system, a role that had previously been held by the Financial Secretary (FST). He was elected as the MP for Ealing North in December 2019 and has experience...

According to HMRC data, at least 21 UK professional football clubs have VAT or corporation tax debts, reports accountancy and business advisory firm Lubbock Fine. Some clubs are still dealing with debt, exacerbated by the Covid lockdown, while salary...

HMRCs latest Employer Bulletin reminds PAYE taxpayers to claim any refunds online and employers to review their PSA calculations and off-payroll working procedures, and highlights changes to the requirement for PAYE taxpayers to complete tax...

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

With 411 seats (giving a majority of 172), the incoming government will be looking to push through various manifesto commitments to support its headline priority of economic growth. From a tax perspective, there may be little room for manoeuvre,...

Rt Hon Rachel Reeves MP is appointed Chancellor of the Exchequer. She is she is the first female chancellor in British history. In other appointments:Darren Jones is appointed as Chief Secretary to the Treasury (responsible for public...