NEWS

HMRC’s latest update rounds up recent developments including the following highlights:employment-related securities: reminder of the 6 July 2023 deadline for filing annual ERS returns; consultation on legislative pilots and HMRC’s data powers:...

HMRC has updated its guidance on completing a tax check for renewing taxi, private hire or scrap metal licences. The existing rules apply in England but, broadly, will be extended to Scotland and Northern Ireland from 2 October 2023:Confirm your tax...

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

The European Commission has published what it describes as the most ambitious and comprehensive reform of the EU customs union since its establishment in 1968. The proposals include:a new EU Customs Authority, which will share member...

The International Accounting Standards Board (IASB) has issued amendments to IAS 12. The amendments give companies temporary relief from accounting for deferred taxes arising from the OECDPillar Two reform.The measures will introduce:a...

The governments of Guernsey, Jersey and the Isle of Man have agreed a joint approach on Pillar Two, which will comprise the implementation of an income inclusion rule and a domestic minimum tax to provide for a 15% effective tax rate for large...

Following its recent investigation into an alleged avoidance scheme being promoted to save tax on private school fees (School fees scheme flawed, says TPA), Dan Neidles Tax Policy Associates has found such arrangements to be...

The Financial Times reported (16 May) that several sitting High Court judges have invested in tax arrangements that have been subject to challenge by HMRC. One of the judges has since ruled on tax avoidance cases which, according to the FT,...

Recent figures released by HMRC show a record level of funds raised via the Enterprise Investment Scheme (EIS). In the tax year 2021/22, 4,480 companies raised some £2.3bn though the EIS, the highest total since the scheme was introduced in 1994 and...

HMRC has introduced a new downloadable printed form to enable taxpayers to apply for the marriage allowance (transferable tax allowance) by post. Previously, applications could only be made online.  ...