NEWS

The CIOT and ATT have urged Nigel Huddleston, incoming FST, to use the 22 November 2023 Autumn Statement to launch a review of Making Tax Digital for income tax self-assessment (MTD for ITSA) and consult on its future direction and delivery, bringing...

The following two sets of regulations provide an income tax exemption and NICs disregard for the 87,500 war widows recognition payments, in line with the recent UK government announcement that these payments would be exempt from tax:War Widows...

The Value Added Tax (Refunds to “Do-It-Yourself” Builders) (Amendment of Method and Time for Making Claims) Regulations, SI 2023/1201, enable DIY builders to file refund claims electronically, and extend the time limit for filing those claims to six...

Together with 47 other countries, the UK has signed a joint statement on a commitment to implement the new OECD cryptoasset reporting framework – a new international standard on the automatic exchange of information between tax authorities. The...

HMRC has seen a 47% increase in whistleblower reports of tax fraud in the year to 30 June 2023, according to new research from law firm RPC (157,000 reports compared to 107,000 in the previous 12 months).The firm suggests that the increase is likely...

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

The professional bodies, including the CIOT, have raised various concerns in relation to the proposed new criminal offence of failing to comply with a stop notice – principally that a stop notice is issued at the discretion of HMRC without external...

HMRC has published a new set of guidance pages, Help to see if your work qualifies as Research and Development for tax purposes (GfC3), as part of it’s new Guidelines for Compliance program. It confirms that the definition of R&D for the purposes of...

The Low Incomes Tax Reform Group (LITRG) has concluded that employees can claim tax relief on ultra-low emission zone (ULEZ) charges, if they are undertaking qualifying business travel when the charges are incurred. LITRG summarises its view as...

There was little mention of tax in this week’s King’s Speech and the accompanying documents. The government is however considering a new tax on vapes to create a ‘smoke-free generation’. Documents published alongside the King’s Speech propose an...