NEWS

The Scottish Government has launched a consultation on three specific issues focused on the interaction between investment and devolved tax legislation in the context of the Land and Buildings Transaction Tax (LBTT): draft legislation to exempt the...

Responding to HM Treasury consultation seeking views on the design of a VAT relief for business donations of goods to charity for distribution to those in need or use by the charity in the delivery of their services, the ATT highlights a number of...

The UK Government’s draft Finance Bill legislation sets out the detail of the new requirement for tax advisers who interact with HMRC on behalf of their clients to register with HMRC. As currently drafted, the new rules would come into force on 1...

Pinsent Masons reports that the total extra tax collected through tax investigations and other compliance work increased by 15% in the last year, to a record £48bn. The yield from corporation tax investigations into the affairs of the UK’s largest...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

In her Mansion House speech on 15 July 2025, Rachel Reeves set out her vision of reform for the UK financial services sector, with a particular focus on cutting unnecessary financial red tape, reviewing regulation across the industry...

The CIOT has responded to HMRC’s consultation, Transfer pricing: scope and documentation. (This was separate to the related consultation, Reform of transfer pricing, permanent establishment and diverted profits tax, highlighted in last week’s...

HMRC have refreshed their guidance, Apply for Marriage Allowance by post, to clarify that backdated marriage allowance (i.e. the transferable tax allowance for married couples and civil partners) claims for 2021/22 onwards can only be made by post...

HMRC’s guidance, How late payment penalties work if you pay VAT late, has been updated to reflect the 3% penalties for tax overdue at days 15 and 30 (the two phases of the ‘first late-payment penalty’) and 10% where tax is overdue by 31 days or more....

HMRC do not know how many billionaires pay tax in the UK, or how much they contribute overall, the Public Accounts Committee concludes in a new report. The paper, Collecting the right tax from wealthy individuals, finds that ‘HMRC has no overview of...