NEWS

The Value Added Tax (Refunds to “Do-It-Yourself” Builders) (Amendment of Method and Time for Making Claims) Regulations, SI 2023/1201, enable DIY builders to file refund claims electronically, and extend the time limit for filing those claims to six...

Together with 47 other countries, the UK has signed a joint statement on a commitment to implement the new OECD cryptoasset reporting framework – a new international standard on the automatic exchange of information between tax authorities. The...

HMRC has seen a 47% increase in whistleblower reports of tax fraud in the year to 30 June 2023, according to new research from law firm RPC (157,000 reports compared to 107,000 in the previous 12 months).The firm suggests that the increase is likely...

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

The professional bodies, including the CIOT, have raised various concerns in relation to the proposed new criminal offence of failing to comply with a stop notice – principally that a stop notice is issued at the discretion of HMRC without external...

HMRC has published a new set of guidance pages, Help to see if your work qualifies as Research and Development for tax purposes (GfC3), as part of it’s new Guidelines for Compliance program. It confirms that the definition of R&D for the purposes of...

The Low Incomes Tax Reform Group (LITRG) has concluded that employees can claim tax relief on ultra-low emission zone (ULEZ) charges, if they are undertaking qualifying business travel when the charges are incurred. LITRG summarises its view as...

There was little mention of tax in this week’s King’s Speech and the accompanying documents. The government is however considering a new tax on vapes to create a ‘smoke-free generation’. Documents published alongside the King’s Speech propose an...

The OECD and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) are consulting on a draft toolkit which aims to help developing countries address base erosion and profit shifting risks when pricing minerals – a...

Scottish government ministers have announced that the Scottish Budget for 2024/25 will be presented to the Scottish Parliament on 19 December 2023. The date was confirmed several times in a Parliamentary session on 1 November 2023....