NEWS

The OTS has published an online survey and call for evidence seeking views from individual landlords and small businesses as well as professional advisers and representative bodies on potential simplification of the tax treatment of property...

New tax checks will apply for licence applications by taxi drivers and scrap metal dealers from 4 April 2022, as HMRC targets sectors it considers high risk, under the new powers introduced in FA 2021 Sch 33.HMRCs published list of...

The CIOT has welcomed the proposal to align the income tax and NICs thresholds but highlights a number of practical points:the effective annual thresholds for NICs will be 11,908 for 2022/23 (rather than aligning with the income tax personal...

The Fiscal Commission has indicated that its report on the potential to increase fiscal powers for the Northern Ireland Assembly will recommend partial devolution of income tax, together with the apprenticeship levy. The report will also recommend...

HMRC’s Stakeholder Digest (23 March 2022) highlights the more eye-catching announcements from the Spring Statement, including the NICs thresholds changes, VAT zero-rating of energy-saving materials, the fuel duty cut and prospective basic rate income...

HMRC has clarified its view that avoidance schemes which seek to treat amounts paid by employers to their employees as gains rather than income are not effective.Spotlight 59 Employee bonus schemes: growth securities ownership plan (GSOP) tax...

The Treasury has updated the table of high-risk third countries in relation to which enhanced due diligence measures apply under the principal anti-money laundering regulations (SI 2017/692). The Money Laundering and Terrorist Financing (High-Risk...

HMRC has published guidance on a range of administrative and technical issues affecting plastic packaging tax.New guidance Force of law guidance for plastic packaging tax covers various matters that HMRC is obliged to prescribe by the Plastic...

The Customs (Additional Duty) (Russia and Belarus) Regulations, SI 2022/376, increase import duty on certain goods originating in Russia and Belarus by 35%. The full list of goods subject to additional duty is set out in a separate table published by...

As announced at Spring Statement 2022, the Excise Duties (Surcharges or Rebates) (Hydrocarbon Oils etc) Order, SI 2022/365, cuts fuel duty for a period of 12 months, in response to record increases in the price of oil and the consequent increase in...