NEWS

HMRC has launched a consultation on the draft Public Service Pension Schemes (Rectification of Unlawful Discrimination) (Tax) Regulations which set out changes to how the pensions tax rules will apply to pension scheme administrators and members of...

The Pensions Dashboards Regulations, SI 2022/1220, introduce the necessary requirements to bring pensions dashboard services into operation. Organisations which provide pensions dashboard services will need to comply with the requirements in order to...

HMRC has updated its guidance to clarify how forms IHT100 and IHT400 should be submitted. The IHT400 itself has been revised to make clear that taxpayers should not submit original documents with their application and must enclose an IHT421 or C1 if...

HMRC has published updated technical guidance on annual tax on enveloped dwellings. Paragraph 41A3 Homes for Ukraine Scheme has been updated to clarify that reliefs will continue to be available from 1 April 2022 for a qualifying individual where a...

The Financial Services (Miscellaneous Amendments) Regulations, SI 2022/1223, ensure that the Treasury and Financial Conduct Authority can apply their powers under certain regulations to Gibraltarian firms in the UK financial services market. The...

New regulations ensure that companies will not inadvertently be treated as ‘associated’ when the main rate of corporation tax increases, and the small profits rate returns, on 1 April 2023.The Corporation Tax Act 2010 (Factors Determining Substantial...

The Chair of the All-Party Parliamentary Group (APPG) on Anti-Corruption and Responsible Tax, Dame Margaret Hodge, has introduced an amendment to the Economic Crime and Corporate Transparency Bill in an amendment paper published by the House of...

Tax Journal thanks its author for November. Click on links below to view author profiles and articles:

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

HMRC has published a new factsheet on penalties HMRC may charge where taxpayers are involved in electronic sales suppression. The new factsheet Compliance checks: electronic sales suppression — CC/FS68 explains that electronic sales suppression (ESS)...