NEWS

The Registered Pension Schemes (Authorised Member Payments) Regulations, SI 2022/723, provide that transfers of dormant assets from registered pension schemes to the reclaim fund (so those assets can be used for good causes) are authorised member...

The ICAEW Tax Faculty has highlighted revised guidance in HMRC’s COTAX Manual (at COM130010) which clarifies the accounts requirements for non-resident companies with UK rental profits (but no UK permanent establishment).HMRC’s updated guidance makes...

In its response to the Treasury consultation Potential reforms to UK’s capital allowance regime the ATT focuses on how the capital allowances rules could better serve smaller businesses and provide greater incentive for investment:The ATT urges the...

HMRC has launched a consultation on potential options for reform of the tax treatment of cryptoasset loans and staking in the context of decentralised finance (De Fi). DeFi lending and staking encompasses a range of activities that...

HMRC is consulting on draft notices which set out further information requirements for businesses/taxpayers under the making tax digital (MTD) for income tax regime from April 2024. The notices will have the force of law under the principal...

In a new consultation, the UK government proposes to codify and narrow the tax exemption for foreign sovereign persons, limiting exemption to investment income only and potentially bringing income from other activities within the scope of UK...

Tax Journal thanks its authors for June. Click on links below to view author profiles and for links to articles.

I am delighted that Women In Tax has been given the unique opportunity to guest edit this weeks Tax Journal. This is very much in line with our central aim of raising the profiles and voices of women in all spheres of the tax...

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 Added: CG-APP18-180 New page...

The Register of Overseas Entities (Delivery, Protection and Trust Services) Regulations 2022 have been published in draft and are expected to come into force on the same day as the register of overseas entities.The draft regs provide for...