NEWS

In the Treasury minutes published on 16 May 2022, the government has responded to the Public Accounts Committee (PAC) report from session 2021/2022 on HMRC’s management of tax debt.In response to the PAC Committee’s 48th report from session 2021/22,...

HMRC’s recent Stakeholder Digest (11 May 2022) rounds up the following developments:Financial support options for SMEs: a reminder of the following government support schemes for small and medium-sized businesses: £5,000 NICs employment allowance...

HMRC has published new factsheet CC/FS57 on the Human Rights Act and DOTAS penalties. article 6 of the European Convention on Human Rights, which was incorporated into UK law through the Human Rights Act 1998 gives certain rights when considering...

Senegal has deposited its instrument of ratification for the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting (the BEPS convention, or MLI) with the OECD. For Senegal, the convention will...

The consolidated text of the 1993 UK-Ukraine Double Taxation Convention as amended by the 2017 protocol has been added to the tax treaties and related documents between the UK and Ukraine.HMRC has published the consolidated text of the 1993...

HMRC has updated its guidance on valuing goods when working out the VAT due when importing goods into the UK with a new section on moving goods into Northern Ireland.Where businesses move goods into Northern Ireland that are ‘at risk’ of onward...

HMRC has published VAT Brief 8/2022 which clarifies its position in relation to making a claim under the DIY housebuilders scheme, following the First-tier Tribunal decision in Andrew Ellis and Jane Bromley [2021] UKFTT 343 (TC).HMRC policy is that...

The Income Tax (Exemption of Social Security Benefits) Regulations, SI 2022/529, amend ITEPA 2003 Pt 10 Ch 5 to exempt the following three social security payments from income tax, with retrospective effect:the Scottish government’s adult disability...

HMRC is reviewing the position for taxpayers where the disposal figures declared on the individuals’ 2019/20 self-assessment return differs from disposal figures declared by the purchasing company, according to an HMRC briefing shared by the...

The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations, SI 2022/526, extend the effect of the DOTAS provisions in FA 2021, which allow HMRC to issue notices where it reasonably suspects that...