NEWS

The CIOTs response to HMRCs consultation, Plastic Packaging Tax (PPT): chemical recycling and adoption of a mass balance approach, includes the following key points: HMRC should establish mass balance approach compliance tests that...

In a detailed response document to the consultation on a future UK financial services regime for cryptoassets, the Treasury has confirmed various items, including: the list of specified investment in Part III of the Financial Services...

Tax Journal thanks its authors for October (click on links below to view author profiles).

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

HMRC have published a new policy paper Interpretation of VAT and excise law and draft legislation which clarifies how VAT and excise legislation should be interpreted in the light of changes made by the Retained EU Law (Revocation and Reform) Act...

In a letter to the Treasury Committee, Financial Secretary to the Treasury Victoria Atkins and Economic Secretary Andrew Griffith have indicated that the sunset clauses for the enterprise investment scheme and venture capital trusts will be extended...

HMRC have set out its interpretation that only whole shares (rather than fractions of shares) can be held in an ISA. HMRC’s Tax-free savings newsletter 9 (October 2023) confirms HMRC’s view that a fraction of a share is not a share, and therefore...

HMRC has amended its online form CA8421, Apply for a certificate to confirm you pay UK National Insurance when working in 2 or more countries. This applies where the individual is working in two or more countries in the UK, EU, Gibraltar, Iceland,...

HMRC have revised the terms and conditions for the double taxation treaty passport scheme to create a simplification for UK borrowers with loans from multiple lenders. Rather than requiring borrowers to complete individual DTTP2 forms for each...

In a joint statement, the UK and Peru governments have confirmed that both countries are ‘following up the negotiation of a double taxation agreement which will provide business certainty and boost investment and competitiveness’. Treaty negotiations...