NEWS

HMRC is consulting on proposals to address consumer protection issues for people who claim tax refunds through repayment agents. The consultation is part of the UK governments agenda to raise standards in the market for tax advice. Views are...

Online marketplace Etsy has widely been reported in the mainstream media as having paid 128,000 in UK corporation tax in 2020, with turnover from UK sales hitting 160m across the same period. Etsy is based in Dublin and therefore pays...

Figures released by HMRC show that total tax receipts in the 12 months to May 2022 were up by 16% compared to the previous 12-month period, with £733bn collected compared to £630bn.The statistics reflect increases in receipts from VAT (£29.4bn),...

The Research and Development (Qualifying Bodies) (Tax) (Amendment and Further Prescribed Bodies) Order, SI 2022/690, removes the Lomonosov Moscow State University from the list of qualifying bodies, payments to which are eligible for research and...

HMRC is consulting on draft Stamp Duty Land Tax (Service of Documents) Regulations 2022 which would allow documents to be served at a company’s registered address and the address provided on the SDLT return. The consultation runs until 22 July...

HMRC has reported its latest tax gap estimates. The difference between the total amount of tax expected to be paid and the total actually paid for the 2020/21 tax year remained at 5.1%, unchanged from the previous year. In actual cash terms, the tax...

The Republic of the Congo has become the 165th member of the Global Forum on Transparency and Exchange of Information for Tax Purposes. As a member of the Forum, Congo will also participate in the Africa Initiative, a programme of work launched in...

The OECD’s Tax Administration 2022 report sets out the latest developments and global trends in tax administrations from 58 advanced and emerging economies. This latest report reveals a shift towards the digitalisation of tax administrations,...

HMRC has launched a new tool to estimate the impact of the 6 July 2022 NICs threshold changes. The new tool will provide an estimate of how the changes to the Class 1 primary threshold will affect the amount of NICs paid by employees. Self-employed...

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: CG12971 New page added...