NEWS

The Welsh Revenue Authority (WRA) raised 414m from the devolved taxes in Wales in 202223, slightly down on the previous year (448m). The WRA Annual Report and Accounts show receipts from land transaction tax fell to 372m...

The Free Zone (Customs Site No 2 Liverpool) Designation Order, SI 2023/1000 designates the Liverpool Customs Site No 2 as a customs free zone, covering the Applied Nutrition facility in Knowsley on the outskirts of Liverpool. The Order has effect...

The Post Office Horizon Shortfall Scheme and Group Litigation Order Compensation Payments (Inheritance Tax Relief) Regulations, SI 2023/1009, retrospectively relieve compensation payments under the Post Office Horizon Shortfall scheme and Group...

The Registered Pension Schemes (Authorised Member Payments) Regulations, SI 2023/1012 deal with the effects of write-down orders on insurance policy holders, including those holding a pensions annuity. Where a court issues a write-down order allowing...

The Pensions (Extension of Automatic Enrolment) Act 2023 received Royal Assent on 18 September 2023. The Act introduces powers to reduce the age of automatic enrolment and remove the lower earnings limit. The DWP is to launch a consultation on the...

A CIOT survey across July and August 2023 has found that poor HMRC service levels are making it harder to do business. The survey received responses from 651 agents and 98 HMRC customers (some busineses and some individual taxpayers).In...

The UK government has announced that it intends to legislate to ensure that the existing stamp tax 0% charge on the issue of UK shares (or other securities) to depositaries and/or clearance service operators or their nominees, and on certain exempt...

HMRC has launched a consultation on proposals to allow employers to delay reporting advance payments of salary made to employees. The consultation seeks views on a proposed new reg 67BD which would be inserted into the Income Tax (Pay As You Earn)...

The Value Added Tax (Drugs and Medicines) Order, SI 2023/1006, extends zero rating on a temporary basis to drugs and medicines supplied under patient group directions between 9 October 2023 and 31 March 2027.New Item 1A is introduced into VATA 1994...

The CIOT has responded to HMRC’s consultation on draft guidance destined for a new internal guidance manual on the multinational top-up tax (MTT) and domestic top-up tax (DTT) which were introduced in Finance (No 2) Act 2023. Key observations...