NEWS

HMRC has published two basic guidance notes on how to report cross-border arrangements under the UK mandatory disclosure rules (MDR):Register to report a cross-border arrangement: covering how to register in order to report a cross-border arrangement...

Irish Minister for Finance, Michael McGrath, is consulting (until 8 May 2023) on the Irish government’s ‘Feedback Statement’ on implementation of the EU Minimum Tax Directive (in line with Pillar 2). The statement sets out the Irish government’s...

The Committee of the whole House will meet on 18 and 19 April 2023 to consider the following clauses of the Bill:clauses 5 and 6: corporation tax charge and rates; clauses 7 to 9: capital allowances;clauses 10 to 15 and Schedule 1: other reliefs...

HMRC has issued the final version of regulations which provide further detail on how the economic crime levy will be managed by HMRC and the other collection authorities.The Economic Crime (Anti-Money Laundering) Levy (Amendment) Regulations, SI...

In a new paper for the Institute for Government, Edward Troup, former Executive Chair and First Permanent Secretary at HMRC, reviews 12 years of the Office for Tax Simplification, concluding that it was ‘hamstrung from the outset’ and ‘doomed to...

Tax Policy Associates (TPA) has published a new report alleging that premier league football clubs are ‘avoiding tax on an industrial scale by artificially structuring their payments to football agents’, estimating some £470m in lost revenue since...

In response to the Scottish government’s consultation on changes to the land and buildings transaction tax additional dwelling supplement (ADS), the CIOT welcomes the extended time limits, and urges the government to go further on how inherited...

The GAAR advisory panel has released an opinion on arrangements involving the extraction of value from an estate using a loan to purchase an interest in a trust which the personal representatives argued had the effect of reducing the value of the...

The Treasury has made the following two orders which deal with the treatment of interest in relation to amounts payable or repayable under the new VAT scheme for second-hand motor vehicles which are bought in Great Britain for resale in Northern...

The UK government has suggested that a UK/San Marino tax treaty is on its agenda. In a recent Parliamentary written answer Victoria Atkins, Financial Secretary to the Treasury, said: ‘There are ongoing discussions between the UK and San Marino about...