NEWS

In addition to the new clause and schedule for the public interest business protection tax, the government had also put forward the following amendments for report stage:New clause and schedule on freeports tax sites: to give HMRC powers to vary the...

The CIOT has published HMRC’s 26 January 2022 Stakeholder digest, rounding up the latest news and covering the following—Claiming back Statutory Sick Pay (SSP) due to coronavirus: the SSP Rebate scheme is reintroduced allowing employers to claim back...

TaxWatch has submitted a complaint to the Tax Disciplinary Board (TDB) about the conduct of an individual identified as Mr Red in the Rangers disguised remuneration case. TaxWatch claims that Mr Red continues to practice as a chartered...

The government has published a policy paper on how it considers the UK is taking advantage of leaving the EU and how it intends to ‘use its new freedoms to transform the UK into the best regulated economy in the world’. The paper outlines current...

The ministry of finance of the United Arab Emirates has confirmed that it will introduce federal corporate tax for financial years starting on or after 1 June 2023 at a standard statutory tax rate of 9%, subject to certain exemptions for smaller...

The CIOT has responded to HMRC’s review of the priorities for the UK’s network of double taxation agreements for 2022/23.The CIOT welcomes confirmation that, following Brexit, HMRC will continue to prioritise renegotiation of European double taxation...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Get help using example declarations for imports to Great Britain from the rest of the world: HMRC has published new...

HMRC has updated its guidance on plastic packaging tax (PPT) to confirm that the total weight of finished plastic packaging components manufactured in the UK must be included in PPT returns. This includes components which had been reported on a...

HMRC has published new guidance on the valuation of stocks and shares for IHT purposes. The guidance covers various issues associated with the more straightforward valuation of listed shares, and briefly touches on unlisted shares noting that, where...

HMRC has published new guidance on the intended increase in the rates of National Insurance contributions from 6 April 2022, as the first part of the introduction of the health and social care levy. Although the government is widely reported to be...