NEWS

The Institute for Fiscal Studies’ Tax Law Review Committee has published a new discussion paper, authored by former Office of Tax Simplification personnel Bill Dodwell, Patricia Mock and Sally Campbell. The paper Thresholds in the tax system: Policy...

HMRC has published draft guidance on the new rules for contracted-out R&D and for expenditure on payments to contractors where the R&D is necessarily undertaken outside the UK. This is a consultation on new, draft guidance for these two areas only,...

The CIOT has responded to the Scottish government’s consultation on draft legislation to revise the additional dwelling supplement (ADS) rules – principally to extend key timelines, disregard certain inherited properties and certain small shares in...

HMRC’s pension schemes newsletter 155, originally published on 25 January 2024, has been updated to correct question 8 in the lifetime allowance FAQs. This relates to applications for a transitional tax-free certificate (used to provide evidence of a...

The Value Added Tax (Distance Selling) (Amendments) Regulations, SI 2024/128 amend the scope of the Import One Stop Shop (IOSS) scheme to remove the VAT reporting and accounting requirements for goods moved within the UK. Businesses which choose to...

The Finance Act 2021, Section 95 and Schedule 18 (Distance Selling: Northern Ireland) (Appointed Day No 2) Regulations, SI 2024/130, appoint 1 March 2024 as the day on which FA 2021 Sch 18 comes into force for remaining purposes, subject to several...

The CIOT has responded to the Scottish Parliament’s Finance and Public Administration Committee call for views on the Aggregates Tax and Devolved Taxes Administration (Scotland) Bill. Key points raised in the CIOT response include:The proposed...

The Finance Act 2009, Sections 101 and 102 (Electronic Sales Suppression) (Appointed Day) Order, SI 2024/133 appoints 4 March 2024 as the day on which FA 2009 ss 101 and 102 come into force for the purposes of electronic sales suppression penalties....

HMRC compliance work has continued to secure a healthy return on investment, according to research by Pinsent Masons. In 2022/23, every pound spent on investigations into wealthy individuals brought in an extra £30 in tax, reports the firm – up from...

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