NEWS

HMRC has updated its Private residence relief helpsheet following the Upper Tribunal decision in HMRC v G Lee and another [2023] UKUT 242 (TCC).The Upper Tribunal confirmed that the ‘period of ownership’ for private residence relief purposes applies...

The UK government has confirmed its intention to expand VAT relief for the installation of qualifying energy-saving materials (ESMs) to cover electrical battery storage, water-source heat pumps and ‘diverters’ retrofitted to ESMs such as solar panels...

HMRC has updated VAT Notice 701/1 to reflect the restriction on UK charitable status introduced by F(No. 2)A 2023 s 344.Although the revised notice has removed the Isle of Man, EU, Iceland, Liechtenstein and Norway from section 2.1 which sets out the...

At Autumn Statement 2023, the government announced its intention to extend the scope of the VAT zero rate for women’s sanitary products to include reusable period underwear. The Value Added Tax (Women’s Sanitary Products: Reusable Underwear) Order,...

The 2023 UK-San Marino Double Taxation Convention entered into force on 30 November 2023, and takes effect in both countries generally from 1 January 2024, and from April 2024 for UK income tax, CGT and corporation tax purposes. The UK-Luxembourg...

In an update to its guidance Claim a refund of Income Tax deducted from savings and investments (R40), HMRC have confirmed that it will accept a digital signature on the R40 print and post form. While that statement appears somewhat...

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

New analysis on the tax contribution of FTSE 100 and several other large UK companies for 2022/23 shows that the ‘total tax contribution’ increased by £8.3bn to £89.8bn (amounting to 10% of total government receipts). ‘Total tax contribution’...

HMRC have published new guidance on the off-payroll working rules, particularly around status determinations for off-payroll workers. This is the latest in HMRC’s series of ‘Guidelines for Compliance’.As might be expected, the guidance includes...

The National Insurance Contributions (Reduction in Rates) Bill, that implements the reduction to the main rates of primary Class 1 NICs and Class 4 NICs and removes the requirement to pay Class 2 NICs which was announced in the Autumn Statement, has...