NEWS

HMRC has published new basic guidelines on revised procedural requirements for tax agents claiming certain repayments of tax (in nominee capacity). From February 2024, HMRC is to add new nomination sections to form P87 (for claiming tax relief for...

HMRC has published a tax information and impact note to explain the income tax exemption for non-resident competitors and accredited individuals in connection with the World Athletics Indoor Championships in Glasgow from 1 to 3 March 2024. The Major...

The Income Tax (Tax Treatment of Carer Support Payment and Exemption of Social Security Benefits) Regulations, SI 2023/1148, provide that the Scottish carer support payment is a taxable social security benefit from 19 November 2023, and...

The Child Benefit and Tax Credits (Miscellaneous Amendments) Regulations, SI 2023/1139, amend tax credits legislation to make sure that compensation payments made under the Victims of Overseas Terrorism Compensation Scheme 2012, or corresponding...

From 13 November 2023, VAT registrations need to be made online via HMRCs VAT Registration Service. HMRC says that, although VAT registrations will in principle be paperless, a non-digital service will be maintained for those...

HMRC are extending the deadline for using the VAT margin scheme for second-hand vehicles bought in GB and moved to NI before 1 May 2023. The deadline will now be 30 April 2024 rather than 31 October 2023. The new VAT second-hand motor vehicle payment...

The Social Security (Iceland) (Liechtenstein) (Norway) Order, SI 2023/1060, gives effect to the new Convention on Social Security Co-ordination between Iceland, Liechtenstein, Norway and the UK. The agreement (set out in the Schedule to the Order) is...

The Economic Crime and Corporate Transparency Act 2023 received royal assent on 26 October 2023. The Act incorporates various amendments that were agreed during the passage of the Bill through Parliament, including the new failure to prevent...

HMRC has added a new compliance checks series factsheet to its collection, covering the use of third-party information notices in relation to promoters of tax avoidance schemes (POTAS). Third party information notices: promoters of tax avoidance...

The CIOTs response to HMRCs consultation, Plastic Packaging Tax (PPT): chemical recycling and adoption of a mass balance approach, includes the following key points: HMRC should establish mass balance approach compliance tests that...