NEWS

HMRC has published an updated edition of its VAT partial exemption framework for NHS bodies which is intended to facilitate the agreement of partial exemption special methods.Although there does not appear to be any significant change to the...

The Customs (Additional Duty) (Russia and Belarus) (Amendment) (No 2) Regulations, SI 2022/833, impose additional duties of 35% on UK imports of certain products originating from Russia and Belarus. The regulations came into force on 20 July 2022....

The UK and Guernsey have signed a memorandum of understanding setting out how the arbitration process under article 25(5) of the UK/Guernsey Double Taxation Agreement (DTA) will be applied. This relates to the ‘mutual agreement’ part of the DTA,...

HMRC and the Treasury launched the following new consultations on Legislation Day:Improving the data HMRC collects from its customers – setting out potential options for improving the range of data HMRC collects and shares across government. Closing...

The Office of Tax Simplification (OTS) has published a report which sets out its approach to tax simplification and makes one general recommendation: that the principle of simplification should be embedded in the general tax policy making...

Responding to HMRC’s consultation on the inclusion of cryptoassets in the investment transactions list used for the purposes of the investment manager exemption, the CIOT suggests HMRC should adopt ‘a generally-accepted and universally-applied...

HMRC has published a notice which sets out information and documents that need to be included in a public interest business protection tax return filed under FA 2022 Sch 10 para 8(4). The requirements include:the name, UTR, address and phone number...

HMRC’s Agent Update Issue 98 brings together the latest technical updates and reminders, including the following:New tax residence indicator tool: HMRC has launched a new tool (available on GOV.UK) which applies the rules set out in the statutory...

HMRC’s latest Stakeholder Digest includes the following highlights:Legislation day: on 20 July 2022, the UK government published draft legislation for Finance Bill 2023 together with responses to various consultations and new consultation documents....

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. Direct taxesManual Page Comments Banking Manual Added: BKM302425 New chapter in...