NEWS

HM Treasury has published a Memorandum of Understanding (MoU) between the Scottish Fiscal Commission (SFC) and HM Treasury (HMT).The purpose of MoU is to facilitate communication and regular engagement between the SFC and HMT, to ensure that the SFC...

The number of investigations that HMRC has opened into claims for agricultural property relief has increased by 28% in the last year, jumping from 217 investigations to 278 in the last 12 months, according to law firm Boodle Hatfield.HMRC may reject...

HMRC has published further new and updated guidance for imports, exports, and customs to reflect the post-transition period regime:Changes to CHIEF commodity codes (Tariff stop press notice 8) and Changes to CHIEF commodity codes (Tariff stop press...

Museums and galleries are being encouraged to apply for VAT refunds to support opening free of charge as part of plans to boost visitor numbers and give more people access to arts and culture.Any museum and gallery open to the public free of charge...

Bidding has opened for a new freeport in Wales, with consortiums having until 24 November to submit their bids. The UK and Welsh governments will have equal say in assessing any bids, with the final designation announced in Spring 2023....

HMRC has updated its plastic packaging tax (PPT) return guidance to provide details on amending a previous tax return. Businesses can now sign into their PPT account and choose ‘view or amend submitted returns’ to make any changes to their PPT return...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. Direct taxesManual Page Comments Corporate Intangibles Research and Development...

Electronic filing directionsHMRC has issuedDirections, made under the power in reg 2(2) of the Corporate Interest Restriction (Electronic Communications) Regulations, SI 2022/770, setting out the approved electronic filing methods which must be...

Tax Journal understands that both the UK government and ITV are appealing the ruling of the EU General Court (in cases T-363/19 and T-456/19) which held that the controlled foreign companies group financing exemption, as it applied before 2019,...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.Direct taxesManual Page Comments Capital Gains Manual Updated: CG-APP18-110 ...