NEWS

HMRC is consulting until 30 August 2023 on a proposed new voluntary standard for customs intermediaries, with the aim of improving the quality of service provided across the sector. According to the consultation documentation, 78% of all customs...

The Plastic Packaging Tax (General) (Amendment) Regulations, SI 2023/622, specify that a claim for a tax credit for tax arising in the same accounting period must be accounted for separately (in a return) to claims for tax credits where the tax arose...

The Customs (Northern Ireland: Repayment and Remission) (EU Exit) (Amendment) Regulations, SI 2023/618, establish new arrangements under which customs duty charged in respect of certain goods entering Northern Ireland can be remitted or repaid to...

The Windsor Framework (Disclosure of Revenue and Customs Information) Regulations, SI 2023/623, enable HMRC to share information on movements of goods with the EU, under the Windsor Framework agreement part of the UKs commitment to...

Uzbekistan has joined the BEPS Inclusive Framework, and will also participate in the two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate....

The CIOT has again urged the UK government to reconsider its position on closure of the Office of Tax Simplification. In a recent speech, Gary Ashford, CIOT president, pointed out that, although the tax system may have continued to become more...

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

HM Treasury has launched a new consultation which considers policy options to regulate and tackle non-compliance in the umbrella company market, both from an employment rights and tax perspective. This follows a previous call for evidence on the...

Following the recent analysis by Tax Policy Associates which suggested that the carried interest regime had no foundation in legislation, contending that private equity funds are trading rather than investing for tax purposes, the Good Law Project,...

The Supreme Court has granted the appellants permission to appeal in the following tax cases:Centrica Overseas Holdings Ltd v HMRC [2022] EWCA Civ 1520 (deductions for management expenses disallowed as capital expenditure); andR (on the application...