NEWS

HMRC have published a new landing page from which all tertiary legislation relating to VAT can be accessed. Tertiary legislation is generally issued by government departments under authority granted to them in primary legislation (Acts of Parliament)...

HMRC have updated their guidance on joining Making Tax Digital for Income Tax on a voluntary basis to reflect the new online sign-up service which allows sole traders and landlords to register for the voluntary phase directly with HMRC, rather than...

The CIOT has responded to HMRC’s consultation on draft regulations which set out the detail of additional data-gathering powers under FA 2024 s 36 which are expected to come into force from April 2025. Key observations include:Requirement for...

HMRCs latest Stakeholder Digest includes the following highlights:Basis period reform reminder for sole traders and partners: HMRC published guidance on working out transition profit in April, with a link to its new work out your...

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

In its April 2024 Treasury Minutes publication, the UK government has responded to the highly critical Public Accounts Committee report ‘HMRC performance in 2022–23’ which concluded that ‘HMRC’s customer service levels are at an all-time low because...

The Special Tax Sites (Applicable Sunset Date) Regulations, SI 2024/574, update the sunset dates for special tax sites in freeports and investment zones, meaning that the window for claiming tax reliefs in those sites will be extended from five to...

The Mutual Societies (Transfers of Business) (Tax) (Amendment) Regulations, SI 2024/555, amend reg 4 of the Mutual Societies (Transfers of Business) (Tax) Regulations, SI 2009/2971 to reflect the current provisions in the CTA 2010 in relation to the...

The ATT has identified a potential problem with the processing of voluntary payments of class 2 NICs for the tax year 2022/23 for individuals with profits below the small profits threshold (£6,725) who opted to make contributions to preserve...

HMRC have launched a new online service allowing taxpayers to check and fill any gaps in their NICs record. The new tool takes the existing state pension forecast checking service one step further, bringing together data around gaps in an...