NEWS

The Securitisation Companies and Qualifying Transformer Vehicles (Exemption from Stamp Duties) Regulations, SI 2022/464, provide an exemption from stamp duty and stamp duty reserve tax (SDRT) for the transfer of certain types of loan notes issued as...

Highlights from HMRC’s recent update (27 April 2022) include:Tax credits renewals: a reminder that the deadline to renew tax credits is 31 July 2022. HMRC’s new online service for reporting fraud: HMRC is encouraging taxpayers to report suspected tax...

The Treasury has announced the creation of a new ‘fraud squad’ to recover money stolen from the covid support schemes and to crack down on other organised financial criminal activity.The new ‘Public Sector Fraud Authority’, which the UK government...

The First-tier Tax Tribunal (FTT) has published guidance for judges and parties in proceedings in the FTT about the procedure to be followed when a party to a case wishes to rely on oral evidence given by video or telephone by someone who is outside...

The OECD has also received and published responses to the consultation on the cryptoasset reporting framework and amendments to the common reporting standard. A public consultation meeting will be held on 23 May 2022 in a hybrid format (in-person and...

The OECD has published responses to the consultation on the extractives exclusion under pillar one amount A. ...

The United Nations has held a launch event for the 2021 version of its model tax convention. The UN model is intended to be used for treaties between developed and developing countries and includes, for example, the concept of a ‘service’ permanent...

The International Tax Compliance (Amendment) Regulations, SI 2022/474, bring additional international exchange arrangements within the scope of the International Tax Compliance Regulations, SI 2015/878. The objective of the 2015 Regulations was to...

HMRC has published new guidance on what to do if someone registered for plastic packaging tax (PPT) dies, becomes incapacitated or insolvent. The guidance sets out that businesses can temporarily take over responsibility for dealing with PPT on...

From 1 May 2022, HMRC will issue certificates of status by email. The new ‘certificate of status of taxable person’ (VAT66) includes a direct link to the UK VAT registration checker. This allows the refunding tax authority to verify the information...