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NEWS
Recent developments in tax.
HMRC consults on tax and occupational health
HMRC and the Treasury have launched a consultation Tax incentives for occupational health on how the tax system could help employers increase the provision of occupational health services for their employees, looking particularly at the potential...
CIOT and ATT urge clear, comprehensive guidance on taxation for charities
In response to HMRC's consultation Charities tax compliance, the professional bodies urge HMRC to produce clear, comprehensive guidance on taxation for charities, while recommending caution around proposed reforms. As current guidance is piecemeal...
HMRC brings in extra tax from investigations
HMRC's annual report for 2022/23 shows that tax evasion and avoidance investigations have resulted in an extra tax yield of £34bn over the last year, up from the previous two tax years but broadly in line with pre-pandemic levels. £2.7bn of the total...
Government responds to PAC tax compliance report
The UK government has broadly agreed with a number of Public Accounts Committee recommendations in its report Managing tax compliance following the pandemic which looked at how HMRC compliance activity has picked up (or otherwise) since Covid-19,...
Agent Update Issue 110
As usual, the July 2023 Agent Update sets out a range of useful updates and reminders for practitioners, including the following:Overlap relief: HMRC's online form for submitting requests for details of overlap profits (for basis period reform...
HMRC manual changes: 21 July 2023
This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
Service levels undermining HMRC’s charter commitments, says CIOT
HMRCs Charter annual report: 2022 to 2023 shows that poor service levels are undermining HMRCs ability to deliver on their charter standards, says CIOT.The report includes the findings of a survey carried out by the group in February on...
HMRC moves forward with tougher promoter powers
Although the 'Legislation Day' draft clauses published on 18 July 2023 included few surprises, one point of interest was the UK government's decision to press ahead with the proposed new powers for HMRC to deal with promoters of tax avoidance...
R&D scheme merger likely, but no decision taken
The Legislation day draft legislation included measures which would introduce the anticipated single, merged scheme for RD tax relief, replacing the separate SME and RDEC schemes, although HMRC has been careful to note that no...
HMRC extends downloadable CGT property return trial
HMRC is extending the trial period, during which the paper version of the CGT on UK property return is available to download, to 30 September 2023 (from 30 June). The initial trial, which started on 28 February 2023, responded to concerns around the...
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EDITOR'S PICK
Permanent Establishment exemption: preparing for mandatory application
Alison Lobb
,
Lisa Shipley
1 /7
The 2026 loan charge settlement scheme: the beginning of the end?
David Pett
2 /7
The new Securities Transfer Tax: business as usual?
Georgina West
3 /7
Responding to Sch 36 notices: a practical guide
Stephanie Mullins
,
Richard Jeens
4 /7
Rights, influence and LLP member status after BlueCrest
Constantine Christofi
,
Craig Kirkham-Wilson
,
Lauren Trask
5 /7
Let the light in: LLCs and other reverse hybrids
Matthew Rowbotham
6 /7
HFFX: the widening reach of miscellaneous income
Elena Rowlands
,
Tom Margesson
,
Ian Zeider
7 /7
Permanent Establishment exemption: preparing for mandatory application
Alison Lobb
,
Lisa Shipley
The 2026 loan charge settlement scheme: the beginning of the end?
David Pett
The new Securities Transfer Tax: business as usual?
Georgina West
Responding to Sch 36 notices: a practical guide
Stephanie Mullins
,
Richard Jeens
Rights, influence and LLP member status after BlueCrest
Constantine Christofi
,
Craig Kirkham-Wilson
Let the light in: LLCs and other reverse hybrids
Matthew Rowbotham
HFFX: the widening reach of miscellaneous income
Elena Rowlands
,
Tom Margesson
NEWS
Read all
CGT liabilities rise 89% to record £24.2bn
Pubs and hotels business rates: methodology call for evidence
Technical Note 2 for IHT on pensions
CIOT outlines support for extension of VAT online marketplace rules
VAT relief could remove barriers to social housing
CASES
Read all
Knights Developments Ltd v HMRC
A Pontin and others v HMRC
AXA Insurance UK plc and another v HMRC and another
HMRC v G Quillan
Perenco UK Ltd v HMRC
IN BRIEF
Read all
Sanctionable conduct
The end of offshore execution on secondary transactions
Tax adviser registration: deferral for investment managers
When is a trustee not a trustee?
Funding the business
MOST READ
Read all
Property 118 Ltd and another v HMRC
The end of offshore execution on secondary transactions
Knights Developments Ltd v HMRC
Perenco UK Ltd v HMRC
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