NEWS

In its draft Budget, presented on 19 December 2023, the Welsh government announced that for 2024/25 it intends to maintain the 10% Welsh rate of income tax (retaining parity with England). For the devolved taxes, landfill disposals tax in Wales will...

The value of tax penalties reached £851m in 2022/23, up from £681m in 2021/22 according to accountancy group UHY Hacker Young. The firm suggests that penalties are seen as something of an ‘easy win’ for HMRC, given the high levels of outstanding tax...

HMRC have updated its guidance on the use of alternative dispute resolution (ADR), confirming that large businesses no longer need to contact their customer compliance manager or caseworker before applying for ADR. If an appeal has been made, the...

Alongside a general roundup of recent tax developments, HMRCs Agent Update 115 covers the following points of particular interest:HMRC prioritising support for self-assessment: until 31 January 2024, HMRCs Agent Dedicated Line will only...

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

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

The CIOT has followed up previous concerns with the way HMRC have been handling R&D tax relief claims, writing again to question HMRC’s volume compliance approach to processing claims.Legitimate R&D claims are still being rejected, says the CIOT, and...

HMRC are consulting until 12 January 2024 on draft regulations which will update the Income Tax (Digital Requirements) Regulations, SI 2021/1076, which set out the various digital record-keeping and reporting requirements for Making Tax Digital for...

The Administrative Burdens Advisory Board annual report 2023, Better tax for better business, highlights two key areas of particular importance for the smaller business community in its engagement with HMRC:1. Making tax digital for income tax...

The Treasury’s December 2023 Minutes Progress Report provides a roundup of UK government responses to Public Accounts Committee (PAC) recommendations on various subjects. Hidden away in the extensive report (which runs to some 244 pages) are two...