NEWS

HMRC has reviewed its trusts guidance to cover its duty of care where the sharing of trust information with third parties (for example, for anti-money laundering purposes) could expose the beneficial owner to a disproportionate risk of harm.In a new...

HMRCs August 2022 edition of the Newsletter covers the following:From September 2022, relevant persons must ask trustees or agents who are engaging in a new business relationship with them to provide proof of registration on the Trust...

The rate of late-payment interest for most taxes is increased to 4.25%, and the repayment interest rate is increased to 0.75%, from 23 August 2022.The changes follow the Bank of England decision on 5 August 2022 to increase the bank base rate from...

New factsheet CC/FS72 identifies the following main risks associated with using email to contact HMRC:confidentiality and privacy: emails sent over the internet may be intercepted;confirmation of identity: HMRC will only communicate with established...

HMRCs latest Stakeholder Digest includes the following highlights: * Hyrax Resourcing Ltd, a disguised remuneration tax avoidance scheme promoter, has been fined 1 million after HMRCs successful legal challenge at the...

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

The Office of Tax Simplification (OTS) is to carry out a review of the tax implications of hybrid and distance working, with a particular focus on arrangements which involve employees working across borders.The scope of the review will cover...

In a new series of questions and answers, HMRC sets out its responses to common errors in the calculation of coronavirus job retention scheme (CJRS) grants for eligible employees. The examples are not exhaustive but aim to cover general themes and...

The Tax Chamber president has released an updated version of the FTTs guidance on taking oral evidence from abroad. The principal change to the original version (published on 12 April) is that the witness should be notified to the tribunal and...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. Direct taxes Manual Page Comments Bank Levy Manual Added: BKLM323530 and...