NEWS

In response to HMRC's consultation Charities tax compliance, the professional bodies urge HMRC to produce clear, comprehensive guidance on taxation for charities, while recommending caution around proposed reforms. As current guidance is piecemeal...

HMRC's annual report for 2022/23 shows that tax evasion and avoidance investigations have resulted in an extra tax yield of £34bn over the last year, up from the previous two tax years but broadly in line with pre-pandemic levels. £2.7bn of the total...

The UK government has broadly agreed with a number of Public Accounts Committee recommendations in its report Managing tax compliance following the pandemic which looked at how HMRC compliance activity has picked up (or otherwise) since Covid-19,...

As usual, the July 2023 Agent Update sets out a range of useful updates and reminders for practitioners, including the following:Overlap relief: HMRC's online form for submitting requests for details of overlap profits (for basis period reform...

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

HMRCs Charter annual report: 2022 to 2023 shows that poor service levels are undermining HMRCs ability to deliver on their charter standards, says CIOT.The report includes the findings of a survey carried out by the group in February on...

Although the 'Legislation Day' draft clauses published on 18 July 2023 included few surprises, one point of interest was the UK government's decision to press ahead with the proposed new powers for HMRC to deal with promoters of tax avoidance...

The Legislation day draft legislation included measures which would introduce the anticipated single, merged scheme for RD tax relief, replacing the separate SME and RDEC schemes, although HMRC has been careful to note that no...

HMRC is extending the trial period, during which the paper version of the CGT on UK property return is available to download, to 30 September 2023 (from 30 June). The initial trial, which started on 28 February 2023, responded to concerns around the...

The OECD Secretary-General's tax report to the G20 highlights the outcome statement agreed by 138 countries which summarises the following measures developed by the Inclusive Framework to address the remaining elements of the two‐pillar solution:The...