NEWS

In its Treasury minutes June 2023 publication, the UK government has set out its response to the Public Accounts Committee’s 20 March 2023 report The Digital Services Tax. The government generally agrees with recommendations on learning lessons from...

The House of Lords version of Finance (No 2) Bill 2023 was published on 21 June 2023, incorporating all changes agreed during the Bills passage through the Commons. All UK government amendments to the Bill were passed at report stage in the...

The Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) Regulations, SI 2023/704, update the list of high-risk third countries in Schedule 3ZA to the principal Anti-Money Laundering Regulations (SI 2017/692). Cambodia and...

Alongside its new charities newsletter, HMRC is also publishing a regular update for community amateur sports clubs (CASCs). Launched in February 2023 to mark almost 21 years of the CASC scheme, HMRC says that the newsletter will cover developments...

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

The government has announced that on Tuesday 18 July it will publish draft legislation for inclusion in Finance Bill 2024, which will be known as Finance Bill 2023/24. The draft clauses will be published alongside explanatory notes, tax information...

Introducing a new criminal offence for continuing to promote an avoidance scheme which is subject to a stop notice raises a number of important questions, says the CIOT. Responding to HMRC’s consultation Tougher consequences for promoters of tax...

Following the Bank of England Monetary Policy Committee decision on 22 June to increase the Bank of England base rate to 5% from 4.5%, HMRC has announced that HMRC interest rates for late payment and repayment will increase. These changes will come...

Responding to HMRCs consultation Off-payroll working: calculation of PAYE liability in cases of non-compliance, the CIOT suggests that a set-off approach would be much fairer than the current position, where HMRC notifies the worker of any...

In a new report, Tax Policy Associates (TPA) has found that between 2018 and 2022, HMRC issued almost 660,000 late-filing penalties to low-income individuals. Figures for 2020/21 show that 184,000 100 fixed late-filing penalties were given to...