NEWS

The CIOT has responded to HMRC’s consultation on draft guidance destined for a new internal guidance manual on the multinational top-up tax (MTT) and domestic top-up tax (DTT) which were introduced in Finance (No 2) Act 2023. Key observations...

The CIOT has responded to the general consultation on the following proposals which were included in the July 2023 ‘Legislation Day’ Finance Bill drafts:Single, merged scheme for R&D, and additional relief for R&D-intensive SMEs: implementation of...

The Finance Act 2009, Sections 101 and 102 (Economic Crime (Anti-Money Laundering) Levy) (Appointed Day) Order, SI 2023/997 appoints 30 September 2023 as the date on which the FA 2009 ss 101 and 102 interest provisions come into force for the...

HMRC has published new guidance on its internal procedures for deciding how tax disputes should be resolved, depending on the particular circumstances of a dispute and how much tax is at stake:Code of Governance for Resolving Tax Disputes: this...

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

In its response to the general consultation on draft clauses for the next Finance Bill, the ATT has highlighted a significant gap between the policy intention and the wording of the legislation. The draft Finance Bill legislation gives HMRC extended...

As had been anticipated, HMRC has now launched its new online form which taxpayers affected by the move to the tax year basis can use to request details of overlap profits held by HMRC. Overlap relief can be used to set off extra profits brought into...

HMRC’s wide-ranging consultation Tackling non-compliance in the umbrella company market, (covering both tax and employment rights), looked at options to regulate umbrella companies, with one principal aim being to deal with tax non-compliance in the...

The Tonnage Tax (Training Requirement) (Amendment etc) Regulations, SI 2023/983, increase the amounts to be used in calculating payments in lieu of training, where operators are not able to meet the minimum training obligation.The amount payable each...

Two new sets of Regulations will enable affected individuals to choose how the public service pensions remedy will apply to them.The Public Service (Civil Servants and Others) Pensions (Remediable Service) Regulations, SI 2023/942, provide for...