NEWS

HMRC has updated its guidance to clarify the application of the zero, reduced and standard rates of VAT for the installation of energy-saving materials in GB and NI following recent legislative changes. VAT Notice 708/6: Energy-saving materials and...

Recently updated guidance for imports, exports and customs includes: Notices made under the Customs (Import Duty) (EU Exit) Regulations, SI 2018/1248 Notices 49 and 52 have been...

The number of wealthy UK taxpayers voluntarily disclosing unpaid tax on offshore assets jumped 35% from 3,301 to 4,443 in the 202021 tax year, according to data obtained by law firm Pinsent Masons through a Freedom of Information request.The...

The European Commission has launched a consultation aimed at improving withholding tax refund/relief procedures (under double tax treaties or national rules) for cross-border payments received by non-resident investors. The initiative aims to provide...

The OECD Forum on Tax Administrations Inventory of Tax Technology Initiatives (ITTI), launched together with eight partner organisations, brings together information on digital tools used by 76 tax administrations around the world. The OECD...

HMRC has published updated versions of the UKs DTAs with Sweden and Taiwan. The key change for both agreements is the addition of a principal purpose test which replaces previous separate anti-avoidance provisions.The updated version of the...

In a written statement, the UK government has confirmed its intention to exempt the Homes for Ukraine Sponsorship Payment (made by local authorities to sponsors under the Homes for Ukraine Scheme) from income tax and corporation tax. Legislation will...

HMRC has issued new guidance on information it has the authority to publish on tax avoidance schemes and the people involved in the supply and marketing of those schemes. The new guidance, which has been added to the top of HMRCs existing...

HMRC has added a new guidance section to its tables of repayment and late-payment interest rates. The new guidance How interest rates are set clarifies that: late-payment...

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: CG22400, CG22410,...