NEWS

The BBC reports that Rachel Reeves, shadow chancellor, has ruled out a wealth tax, should the Labour Party win the next general election, suggesting that extra funding for public services will need to come from economic growth rather than from...

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

Since 10 July 2023, an HMRC taskforce has been focusing on clearing post over 12 months old.Agents registered for the agent account manager service can use HMRCs agents issue resolution service online form to escalate any...

The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) (No 2) Regulations, SI 2023/912, make further technical changes to the pensions tax rules as a result of the public service pensions remedy.The regulations are...

HMRCs Check which packaging is subject to plastic packaging tax guidance has been updated to clarify that recycled plastic comes from plastic waste that has been reprocessed from pre-consumer plastic or post-consumer plastic by...

The Platform Operators (Due Diligence and Reporting Requirements) Regulations, SI 2023/817, implement the OECDs Model reporting rules for digital platforms (MRDP), obliging UK digital platform operators to report sellers details to...

Russia has unilaterally suspended the majority of provisions in its double taxation agreements. Most of the 1994 UK/Russia double taxation convention has been put on hold, including the treatment of dividends, interest, royalties, capital gains,...

This latest issue (17 August 2023) highlights the following key developments:Overlap relief: preparing for the new tax year basis: HMRC intends to launch its online form for requesting overlap profits which will now be available from 11 September...

HMRCs August 2023 Employer Bulletin cover the following which may be of interest to practitioners:tax relief on employee pension contributions (summarising the differences between relief at source and net pay arrangements) with a practical...

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