NEWS

Clause 34 of Finance Bill 2024 will add compliance with VAT obligations to the conditions for gaining and retaining gross payment status (GPS) under the construction industry scheme (CIS) from 6 April 2024. Alongside this change, HMRC have been...

Dan Neidles Tax Policy Associates (TPA) says that the Post Office has incorrectly claimed up to 934m in tax deductions in relation to compensation payments made to former branch managers and as a consequence, may have...

In its weekly tax brief, RSM floats the prospect of potential stamp duty land tax changes, designed to shore up the housing market in England and as part of pre-election giveaways in the current chancellor’s Spring Budget. Changes could include...

The Value Added Tax (Installation of Energy-Saving Materials) Order, SI 2024/24, expands the list of energy-saving materials (ESMs), installations of which benefit from zero-rating until 31 March 2027 and the 5% reduced rate thereafter. For example,...

Finance Bill 2024 cleared the House of Commons ‘Committee of Whole House’ stage on 10 January 2024. The House approved clauses/schedules on the following subject areas, all without amendment. The CIOT has issued briefings on a number of those...

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

Higher earning Scottish taxpayers will be subject to increased rates of income tax from 6 April 2024, as announced by the Scottish government in its Budget for 2024/25, presented to the Scottish parliament on 19 December 2023. A new ‘advanced rate’...

The Spring Budget 2024 will be held on Wednesday 6 March. The chancellor has also requested that the Office for Budget Responsibility prepare an economic and fiscal forecast to be presented alongside the Budget....

The UK government has published the outcome of its consultation Addressing carbon leakage risk to support decarbonisation. The consultation looked at potential ways to mitigate against ‘carbon leakage’ where production of carbon or energy-intensive...

HM Treasury and the Scottish government are consulting on the proposal to devolve powers to the Scottish Parliament to create an equivalent tax to the UK Government’s Building Safety Levy. This will apply to residential buildings requiring building...