NEWS

On 1 June 2026, HMRC published a new Advance Tax Certainty Service Manual containing guidance on which customers are eligible for the new service, the scope of taxes for which advance tax certainty can be provided, and situations where HMRC will not...

HMRC have confirmed a relaxation of employment-related securities (ERS) reporting requirements for certain short-term business visitors (STBVs). In Employment Related Securities Bulletin 66 for May 2026, HMRC state that, for non-tax advantaged share...

HMRC have updated Statement of Practice 1/2001 on the treatment of investment managers and their overseas clients, reflecting FA 2026 changes to the Permanent Establishment rules and Investment Manager Exemption (IME). The revised statement,...

HMRC have updated VAT Notice 742A, with the main change at section 12.1 to clarify that, where opted land or buildings remain an asset on hand at the point of VAT registration cancellation, output tax must be accounted for. This also means that,...

The OECD has opened a public consultation on proposed revisions to Chapter VII of its Transfer Pricing Guidelines, covering special considerations for intra-group services. The OECD reports that the revisions are not intended to change the general...

The Anti-avoidance Information Notices (Resolution of Disputes as to Privilege) Regulations, SI 2026/560, set out the procedure for resolving disputes on whether information requested in an HMRC anti-avoidance information notice is subject to legal...

The CIOT and ATT have released a joint guide, Multi-Factor Authentication – how can agents prepare?, outlining the steps tax agents must take to secure their HMRC Agent Services Accounts (ASA) and legacy Online Services Accounts (OSAs) against...

Tax barrister Robert Venables KC is on trial at Southwark Crown Court charged with three counts of cheating the public revenue. The prosecution allege that, between 2014/15 and 2020/21, Venables under-declared income from his legal practice,...

Tax Journal thanks its authors for May (click on links below to view author profiles and access their contributions):Karen Bannister and Gary Barnett - The VAT review for MayHenry Bennett-Gough and Amelia Roffey - Employment status in regulated...

The government has announced plans to make the foreign Permanent Establishment (PE) exemption mandatory for UK-resident companies from 2027, in a move aimed at preventing multinational groups from using foreign branch losses to reduce UK corporation...