NEWS

HMRC has published a list of recent letters it has sent out to individuals and businesses, covering various subjects from self-assessment to Pillar Two international tax reform. HMRC suggests that, if a letter received is not on the list, it may be...

Tax Journal thanks its authors for April (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.  

The CIOT has welcomed the launch of a consultation which offers the prospect of greater clarity on the CGT treatment of decentralised-finance (De-Fi) lending and staking services for cryptoassets.Under proposals contained within a consultation...

On Tax Administration and Maintenance Day, 27 April 2023, the UK government published various documents for consultation, including a new and intriguing consultation on a radical change to the way new legislation is tested before being formally...

The House of Lords passed amendments 84A to 84G on 27 April 2023. These amendments add the new failure to prevent fraud offence into the Economic Crime and Corporate Transparency Bill. Lords Committee stage is scheduled to continue on 9 May....

HMRC’s pension schemes newsletter for April covers several of the Spring Budget pensions announcements. Of particular interest will be the treatment of lump sum death benefits from defined benefit schemes where, following representations from...

HMRC has updated its guidance on residence, domicile and the remittance basis (RDR1), specifically in relation to employees of EU institutions. This is in effect a post-Brexit update, noting at section 4.20 (‘Employees of the EU’) that, where a...

The Income Tax (Care Leaver’s Apprenticeship Bursary Payment) (Amendment) Regulations, SI 2023/482, amend the definition of ‘care leaver’s apprenticeship bursary payment’ for the purposes of the income tax exemption in ITEPA 2003 s 254A. The changes...

The Indirect Taxes (Notifiable Arrangements) (Amendment) Regulations, SI 2023/473, update the description of VAT avoidance arrangements set out in the principal Notifiable Arrangement Regulations (SI 2017/1216). The principal regulations specify the...