NEWS

HMRC is consulting on Draft Platform Operators (Due Diligence and Reporting Requirements) Regulations which will implement the OECD model reporting rules for digital platforms in the UK.The rules will require UK platform operators to collect, verify...

HMRC’s tax treaty team is inviting comments from stakeholders concerning specific cases where business or investment has been or will potentially be impacted in their work to renegotiate European double taxation agreements. The consultation closes on...

HMRC’s Agent Update for October 2022 summarises the recent NICs changes, highlights potential issues with the ‘exceptional circumstances’ day limit for residence purposes, and provides various VAT reminders:Reversal of the 1.25% NICs increases: as...

HMRC is consulting until 16 January 2023 on proposed changes to around one-third of its statistics publications. The proposals include:discontinuing or reducing the frequency of certain publications such as the income tax, NICs, tax credits and child...

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-APP18-170 ...

The Northern Ireland Assembly Department of Finance is consulting on recommendations made by the Independent Fiscal Commission for the devolution of fiscal powers.The consultation asks whether the Northern Ireland Executive should be provided with...

In the year to 31 March 2022, HMRC received over 15,000 reports from employees who suspected their employers of being involved in tax evasion or fraud – up 11% over the previous year. Pinsent Masons attributes at least some of the increase to cases...

HMRC’s latest Digest(14 October) brings the following to the attention of advisers:Introduction of a Starter Checklist for PAYE which will generate a new starter declaration for employees to send to their new employer, where they do not have a P45....

The ‘synthesised’ version of the UK-India double taxation agreement has been modified to add a new condition to the provisions covering the double taxation of royalties and fees. Article 13 deals with royalties and fees for technical services arising...

The Double Taxation Relief and International Tax Enforcement (Luxembourg) Order, SI 2022/1055, brings into effect arrangements set out in the 2022 Convention and Protocol agreed between the UK and Luxembourg for the avoidance of double taxation and...