NEWS

Responding to the Scottish government consultation on developing a Scottish tax to replace the UK aggregates levy, the CIOT notes:a devolved levy on primary aggregates could support Scotland’s broader circular economy ambitions (in essence, unlinking...

HMRC has recently added the 2022 UK-Brazil Double Taxation Convention. The UK-Brazil Double Taxation Convention was signed in Brazil on 29 November 2022. The convention has not yet entered into force until the completion of the procedures required by...

The Autumn Finance Bill has moved to the House of Lords for formal consideration (although there is no power for the Lords to amend a ‘money bill’). First reading in the Lords was completed on 1 December and all remaining stages have been scheduled...

The Public Bill Committee has passed the various government amendments to the Economic Crime and Corporate Transparency Bill, including the following:creation of a civil recovery regime in relation to cryptoassets through amendments to the...

The CIOT has responded to the Northern Ireland Department of Finance consultation on devolution of more fiscal powers. Key points include:the practical impact of tax devolution on taxpayers (e.g. increased complexity), agents and tax authorities...

The Solicitors Regulation Authority has advised members to ‘guard against getting involved in abusive litigation aimed at silencing legitimate critics, known as strategic lawsuits against public participation (SLAPPs)’.The SRA’s warning notice tells...

The number of tax tribunal cases waiting to be heard has increased more than sevenfold compared to the same quarter last year, from 1,200 in at the end of June 2021, to 10,000 in at the end of June 2022, according to law firm Pinsent Masons.HMRC...

The Treasury published a new Finance Bill on 21 November 2022. This is a short Bill which deals with some of the more straightforward tax changes announced in the Autumn Statement on 17 November. According to the UK Parliament website, Committee and...

HMRC’s Stakeholder Digest (24 November 2022) highlights a new interactive tool which helps individuals understand a notice of coding. The new guidance is available from HMRC’s Tax codes pages. The digest also flags the new VAT penalties regime for...