NEWS

HMRC have published new guidance on the off-payroll working rules, particularly around status determinations for off-payroll workers. This is the latest in HMRC’s series of ‘Guidelines for Compliance’.As might be expected, the guidance includes...

The National Insurance Contributions (Reduction in Rates) Bill, that implements the reduction to the main rates of primary Class 1 NICs and Class 4 NICs and removes the requirement to pay Class 2 NICs which was announced in the Autumn Statement, has...

HMRC have published a Notice which has the force of law, setting out that refund claims under the DIY builders scheme can be made either electronically or by post. Where the claim is to be made electronically it must be made on an online form...

In an update to its main notice on how to complete and submit the VAT return electronically, HMRC have added a new section 4.7 on the second-hand motor vehicle payment scheme. This is the scheme that was introduced for traders who buy second-hand...

HMRC have issued a reminder that some goods will be subject to full customs controls when moved from the Republic of Ireland to Great Britain on and after 31 January 2024. Goods moving from Northern Ireland to Great Britain via Irish ports will also...

HMRC have published the text of a Memorandum of arrangement which sets out how the UK and New Zealand intend to apply the arbitration provisions in Part 6 of the BEPS Multilateral Instrument. Part 6 deals with mandatory binding arbitration of mutual...

The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No. 2) Regulations, SI 2023/1306, update the list of countries in relation to which extra anti-money laundering due diligence requirements apply. Bulgaria, Cameroon,...

New research from tax technology company Vertex suggests that up to 75% of global businesses accept a certain level of tax compliance risk in relation to indirect taxes.The survey, Compliance’s complexity: Attitudes and barriers to getting it right...

Six of the 18 tech giants that pay the UK’s new digital services tax have faced investigations by HMRC, according to Pinsent Masons. Sophie Warren, tax manager at Pinsent Masons, said: ‘As this is a very new tax, there’s a lot of scope for differing...

HMRC’s Wealthy team is sending out letters to a number of agents inviting them to participate in a phase two trial of the Wealthy Compliance Portal (WCP) for their wealthy clients. The first phase of the WCP trial concerned the concept and...