NEWS

Commenting on the Levelling Up and Regeneration Bill, the CIOT highlights the importance of identifying the true beneficial owner of UK land, which potentially might not be captured by the register of overseas entities alone. The CIOT supports the...

HM Treasury is currently considering the feedback on its consultation on sovereign immunity, including the details on design and implementation, the use of fund structures as capital gains rollup vehicles and the tax treatment of sovereigns’ UK...

The HMRC app now includes functionality which allows taxpayers to easily copy and paste their unique taxpayer reference from the app to other documentation – for example, where they need to send their UTR to their agent. HMRC has reported that every...

HMRC has published its quarterly update to the advisory fuel rates which employers can use (without a taxable benefit arising) where they reimburse employees for the cost of fuel used for business travel in company cars. The revised rates apply from...

Republicans have won the minimum 218 seats required to secure majority control of the 118th Congress when it convenes in January 2023, although the Democrats will control the Senate....

HMRC has issued a clarification for employers who need to show that their employees are not required to pay NICs in the UK. Updated HMRC guidance Social security contributions for workers coming to the UK from the EU, Iceland, Liechtenstein, Norway,...

HMRC has published a summary of responses received to the consultation on implementation of the OECD mandatory disclosure rules for common reporting standard avoidance arrangements and opaque offshore structures.The summary highlights two key...

IFRS has published a paper on the potential implications of the Pillar Two rules on the accounting for income taxes applying IAS 12 income taxes. The IASB agreed to urgent narrow-scope standard-setting to provide a temporary exception from deferred...

In its judgment in joined cases Luxembourg Business Registers (Case C-37/20) and Sovim (Case C-601/20), the CJEU found that part of the European Anti-Money Laundering Directive, which allows details of company beneficial ownership to be accessed by...

HMRC is consulting on a proposal to add several local government bodies in Wales to the VATA 1994 s 33 refund scheme (refunds in relation to non-business activities) with effect from 9 February 2023....