NEWS

The Corporate Interest Restriction (Electronic Communications) Regulations, SI 2022/770, require certain notices and returns relating to the corporate interest restriction (CIR) to be sent to HMRC via an approved means of electronic communication....

TheEnergy (Oil and Gas) Profits Levy Billhas completed its Commons stages and will be debated in the Lords on 13 July. As it is a money Bill, the convention is that it cannot be amended by the Lords and so is effectively final.Note...

The OECD Secretary-General’s Tax report to G20 finance ministers sets out a revised and ‘more realistic’ timetable for pillar one, with a signing ceremony envisaged in the first half of 2023 for a multilateral convention to implement amount A, with...

The OECD invites comments on the technical design of Amount A, by Friday 19 August 2022. The consultation is based around a new document published by the OECD and G20 entitled ‘Progress report on amount A of pillar one, two-pillar solution to the tax...

The European Commission has launched a consultation Tackling the role of enablers involved in facilitating tax evasion and aggressive tax planning to inform the Commission’s proposals to prohibit enablers who design, market and/or assist in the...

HMRC has published a Freedom of Information release confirming that, as at 13 May 2022, it had seven live investigations into corporate criminal offences of the failure to prevent the facilitation of tax evasion.Those new offences were brought into...

Following a review of evidence presented by HMRC, the Crown Prosecution Service has authorised a charge against Bernie Ecclestone of ‘fraud by false representation in respect of his failure to declare to HMRC the existence of assets held overseas...

The CIOT has made a proactive submission on land remediation relief focusing on one aspect of the derelict land remediation scheme: the qualifying date of 1 April 1998 for land in a derelict state.Land remediation relief is available for the...

The Taxation of Chargeable Gains (Gilt-edged Securities) Order, SI 2022/754, provides that ten specified securities are ‘gilt-edged securities’ and therefore gains on their disposal are not chargeable gains for the purposes of capital gains tax or...

HMRC has updated its disclosure of tax avoidance schemes (DOTAS) and disclosure of tax avoidance schemes: VAT and other indirect taxes (DASVOIT) guidance to add details of HMRC’s power to issue a scheme reference number (SRN) where it reasonably...