NEWS

Tax Policy Associates founder Dan Neidle has started investigating what he calls the underreported side of tax avoidance, initially focusing on the involvement of senior tax lawyers in advising promoters of tax avoidance schemes.In a...

In a new report, the National Audit Office concludes that the implementation of making tax digital (MTD) has been too ambitious and is likely to cost five times its initial budget. Progress with Making Tax Digital looks at HMRCs original...

HMRC is trialling a new approach to support for self-assessment queries. For three months from 12 June 2023, self-assessment queries are being diverted to HMRC’s digital services, including its online guidance, digital assistant and webchat. HMRC...

In response to HMRC’s consultation on expanding the cash basis for the self-employed, the CIOT raises concerns around eligibility and the default tax accounting position. The consultation included proposals to extend eligibility to more businesses by...

The CIOT and ATT have responded to HMRC’s consultation Simplifying and modernising HMRC’s income tax services through the tax administration framework, emphasising the importance of providing support for taxpayers and employers during any transition....

The Treasury has announced that the energy profits levy which, under the Energy (Oil and Gas) Profits Levy Act 2022, runs until 31 March 2028, will cease to apply if oil and gas prices return to ‘historically normal levels for a sustained period’....

Responding to HMRC’s consultation on the scope, design and tax regime for the proposed new reserved investor fund (RIF – a new UK-based unauthorised contractual scheme fund), the CIOT highlights the importance of ensuring any new regime interacts as...

The UK government has announced a further extension to the deadline for making retrospective voluntary NICs covering the period from April 2006 onwards. Eligible individuals will now be able to top up their NICs record until 5 April 2025, rather than...

HMRC’s recent consultation Taxation of environmental land management and ecosystem service markets looked at two areas: (1) tax treatment of the production and sale of units generated by ecosystem service projects, and (2) the potential expansion of...

Following the Supreme Court decision in News Corp UK & Ireland Ltd [2023] UKSC 7, HMRC is revisiting its advice to those organisations which had made protective claims for overpaid output tax pending the ultimate outcome of the litigation. HMRC’s...