NEWS

HMRC is to launch a new campaign in September 2022 to tackle non-compliance linked to offshore corporates which own UK property.The CIOT reports that the campaign follows a review of data which identified non-resident corporate owners of UK property...

The OECD has published the public comments received in response to ongoing work of the OECD/G20 inclusive framework on BEPS to implement the two-pillar solution to address the tax challenges arising from the digitalisation of the economy, which can...

HMRC has updated its making tax digital for income tax guidance pages, principally to set out the information in a more logical way, with various new sections added on the basic requirements from 6 April 2024.The following guidance notes have been...

HMRCs Spotlight 60 provides an overview of tax avoidance arrangements used by some umbrella companies and highlights common warning signs to help individuals avoid becoming involved in tax avoidance.Spotlight 60 draws attention to contrived...

The Tax Chamber president has released an updated version of the FTT’s guidance on taking oral evidence from abroad. The principal change to the original version (published on 12 April) is that the witness should be notified to the tribunal and the...

Tax Journal is taking its customary August break. The next print edition will be published on 2 September, but we will be adding news, cases and articles online throughout the month. ...

Research by Pinsent Masons suggests that HMRC is focusing on Premier League footballers contracts which, according to the firm, are potentially open to abuse. The analysis shows that in 64% of Premier League footballer contract negotiations,...

HMRC believes some 80m of tax has been underpaid by wealthy individuals relating to trusts in the past year, up from 61m in the previous year. Suspected avoidance of stamp duty land tax by wealthy individuals has also increased to...

Responding to the OECD consultation on draft model rules for Amount A, the CIOT welcomes the revised implementation schedule and, given the complexity of the rules, suggests a review mechanism to allow for future changes. The response highlights a...

The August edition sets out a brief summary of the OECDs two pillars with the latest anticipated implementation dates, and also highlights the expanded MTD for Income Tax pilot:Pillar 1 and Pillar 2: the OECD intends Pillar 1 to enter into...