NEWS

The Stamp Duty Land Tax (Temporary Relief) Act 2023 received Royal Assent on 8 February 2023. The Act’s one substantive section brings the 23 September 2022 increase in the nil-rate threshold (to £250,000) to an end for land transactions which...

The CJEU ruling in the case of Sovin SA v Luxembourg Business Registers found that the EU beneficial ownership register regime, as amended by the Fifth Anti-Money Laundering Directive, was unlawful because it did not comply with EU Charter on...

Draft Scottish regulations have been laid to counter tax avoidance on non-domestic rates. The regulations are said to empower councils to crack down on tax-avoidance such as the artificial use of insolvency, leasing arrangements or shell...

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

In a new report A blueprint for a better tax treatment of pensions, the Institute for Fiscal Studies puts forward a long-term vision for pensions tax reform, reducing subsidies where they are overly generous and increasing them where saving...

The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order, SI 2023/107, increases the annual chargeable amounts of ATED for chargeable periods beginning on or after 1 April 2023.The amounts for each property value band are...

HMRC has published a reminder of changes to the company share option plan (CSOP) rules from 6 April 2023. HMRC’s Employment Related Securities Bulletin 48 highlights the following key changes:the share options limit will increase from £30,000 to...

The Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations, SI 2023/113, set out changes to how the pensions tax rules apply to pension scheme administrators and members of public service pension schemes affected...

HMRC’s January 2023 newsletter highlights a number of changes to the managing pension schemes service (MPS):from April 2023, event reports for the 2023–24 tax year will need to be made via the MPS rather than the pension schemes online service -...

In an update to its guidance Records and accounts you must keep for plastic packaging tax, HMRC says that the requirement to include a statement with an invoice to show that plastic packaging tax (PPT) has been paid will no longer be introduced as a...