NEWS

HMRC succeeded in 86% of appeals decided in the First-tier Tribunal in the year to 31 March 2021, up from 82% and 75% respectively in the preceding two years, reports Pinsent Masons.Jake Landman, partner at Pinsent Masons, said: ‘HMRC’s increasing...

The Office of Tax Simplification (OTS) has published an evaluation paper on the single customer account identifying the following key issues:A roadmap for the single customer account for individuals should set out key development stages at which...

HMRC has updated its guidance on follower notices and accelerated payments to cover penalty reductions for taxpayer co-operation (sections 1.15.10 to 1.15.14) and circumstances in which it would be reasonable for a taxpayer to pursue an appeal rather...

HMRC has issued new guidance Publication by HMRC of information about tax avoidance schemes: section 86 Part 6 Finance Act 2022 explaining how the further measures to tackle promoters in FA 2022 s 86 will be applied in practice.With effect from 24...

Reflecting ongoing pandemic-related difficulties for some taxpayers and agents, HMRC has announced that coronavirus may be accepted as a reasonable excuse for appeals against 2020/21 late filing penalties.Agents can also submit bulk appeals against...

Bahrain and Romania have deposited their instruments of approval or ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Multilateral Instrument or MLI) with the OECD. The...

The OECD has released a third batch of updates to the transfer pricing country profiles for 28 jurisdictions, updating the profiles for Brazil, Canada, Chile, China, Croatia, Dominican Republic, Estonia, Finland, Greece, Hungary, Israel, Korea,...

The EU has updated its list of non-cooperative jurisdictions for tax to add a number of countries including Russia, Bermuda, BVI and Israel, to Annex II. While Annex I lists those non-EU countries that encourage abusive tax practices which erode...

The Value Added Tax (Enforcement Related to Distance Selling and Miscellaneous Amendments) Regulations, SI 2022/226, correct a number of minor errors in the Northern Ireland one stop shop and import one stop shop schemes legislation (VATA 1994 Schs...

Revenue and Customs Brief 5/2022 explains that, where businesses are waiting for confirmation that their VAT grouping application has been accepted by HMRC, they should treat the application as provisionally accepted on the date it was submitted...