NEWS

HMRC has updated its guidance Use Alternative Dispute Resolution to settle a tax dispute to confirm that ADR can no longer be used for forfeiture and civil evasion penalties. The section What ADR can be used for has been revised accordingly....

HMRC’s latest Stakeholder Digest (10 November 2022) announces that income tax self-assessment and corporation tax paper repayment notifications are to end on 16 December 2022. This means that agents will need to use HMRC online services to review...

The Court of Justice of the European Union has set aside the EU General Court’s judgment and annulled the Commission’s decision in the Fiat Chrysler Finance Europe (C-885/19 P) state aid case. The CJEU found that the General Court had been wrong in...

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

On 8 November 2022, the UK Transition Plan Taskforce announced the gold standard for private sector climate transition plans when it published its Disclosure Framework and accompanying Implementation Guidance that makes recommendations for companies...

In its formal response to the OTS call for evidence on hybrid and distance working arrangements (including employees working across borders), the CIOT addresses key issues in the following three areas:1. Tax and social security implications where...

The Public Accounts Committee is conducting a review of the UK digital services tax (DST) which proposes a 2% charge on the revenues of search engines, social media platforms and online marketplaces from UK users. The committee will question HMRC and...

The Hybrid and Other Mismatches (Financial Instruments: Excluded Instruments) (Amendment) Regulations, SI 2022/1144, amend the hybrid and other mismatch rules to retain an exemption for certain regulatory capital instruments issued by banks. The...

The Taxation (International and Other Provisions) Act 2010 Transfer Pricing Guidelines Designation Order, SI 2022/1147, will update the definition of transfer pricing guidelines in TIOPA 2010 s 164 to refer to the 2022 OECD's transfer pricing...

A recent YouGov poll of 1,700 adults across the UK has revealed strong support for raising the inheritance tax nil-rate band threshold from £325,000. The survey, commissioned by Kingsley Napley, also found very limited support for increasing the...