NEWS

HMRC have issued a briefing document confirming that, from 23 December 2024, individuals who wish to claim tax relief for employment expenses will be able submit their claims and evidence using a new online iForm.The online form replaces the postal...

The Companies and Limited Liability Partnerships (Protection and Disclosure of Information and Consequential Amendments) Regulations, SI 2024/1377 extend the circumstances in which individuals can apply to have their usual residential address (URA)...

Revenue and Customs Brief 3 (2024) clarifies the basic VAT treatment of cladding remediation works carried out by developers to residential buildings. Usually, VAT is incurred at the standard rate on goods and services purchased to complete such...

Six families supported by the Independent Schools Council (ISC) are challenging by way of judicial review the Labour Government’s decision to introduce VAT on private school fees. The focus of the judicial review is the potentially disproportionate...

New research reveals that 5,643 taxpayers used the HMRC Worldwide Disclosure Facility in 2024 to make voluntary disclosures of underpaid tax on overseas assets, representing a 22% increase over figures for the previous year. Advisory firm, Lubbock...

The Double Taxation Relief and International Tax Enforcement (Ecuador) Order, SI 2024/1365 gives effect to the 2024 UK-Ecuador double taxation agreement – the first DTA between the two countries. The Explanatory Memorandum to the Order summarises key...

The OECD has released a pricing tool and factsheets to facilitate the understanding and operation of the simplified and streamlined approach to transfer pricing.The factsheets provide a high-level overview of the mechanics of Amount B, including the...

The Inclusive Framework on BEPS has released the latest peer review assessment report for 136 jurisdictions on the spontaneous exchange of information on tax rulings (BEPS Action 5), suggesting an ongoing high level of compliance of Inclusive...

The Chancellor has asked the Office for Budget Responsibility (OBR) to produce an economic and fiscal forecast which will be published on 26 March 2025. This is in line with the Budget Responsibility and National Audit Act 2011 which requires the OBR...

The Public Bill Committee is expected to begin its scrutiny of Finance Bill 2025 on Tuesday 28 January 2025, according to a call for evidence issued on 20 December 2024. The Committee is scheduled to complete its work by Tuesday 4...