NEWS

Together with the professional bodies, the CIOT has published an updated note highlighting HMRC’s approach to the treatment of loans made to remittance basis users (RBUs) where assets of the borrower are held by the lender. The note, first published...

The following regulations provide for an exemption from income tax on income earned in the UK by certain non-UK resident accredited individuals (broadly, participants and officials) in connection with the Women’s Euro finals, the Finalissima football...

The Taxation of Securitisation Companies (Amendment) Regulations, SI 2022/465, aim to provide greater certainty, and reduce complexity, in the application of the securitisation tax regime to ‘retained’ securitisation arrangements.The regulations...

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...

Tax Journal thanks its authors for April 2022. Clink on links below to view author profiles:

Shadow Chancellor Rachel Reeves has announced that the Labour Party will abolish non-dom status, which top Tories have benefitted from while raising taxes on working people. The announcement follows the recent controversy over the tax...

On 6 April 2022, ten new boxes became live on CT600B, a supplementary page to the company tax return, following changes made to the hybrid and other mismatches legislation in FA 2021. UK companies are now required to include certain information...

From 6 April 2024, the self-employed, including partnerships, will have to pay tax on the profits they earn for the tax year (the tax year basis) rather than on the profits of a period of account ending in the tax year. Businesses that do not draw up...

A draft report on the impact of cryptoassets and blockchain on taxation was tabled before the European Parliament sub-committee on tax matters on 25 April. Proposals include an assessment of national policies to combat fraud and the creation of a new...

The Court of Appeal (CA) has released two judgments on the IR35 intermediaries legislation. In Kickabout Productions Ltd [2022] EWCA Civ 502, the CA upheld the Upper Tribunals (UTs) decision, finding that the contracts contained an...