NEWS

The European Commission has launched a consultation aimed at improving withholding tax refund/relief procedures (under double tax treaties or national rules) for cross-border payments received by non-resident investors. The initiative aims to provide...

The OECD Forum on Tax Administrations Inventory of Tax Technology Initiatives (ITTI), launched together with eight partner organisations, brings together information on digital tools used by 76 tax administrations around the world. The OECD...

HMRC has published updated versions of the UKs DTAs with Sweden and Taiwan. The key change for both agreements is the addition of a principal purpose test which replaces previous separate anti-avoidance provisions.The updated version of the...

In a written statement, the UK government has confirmed its intention to exempt the Homes for Ukraine Sponsorship Payment (made by local authorities to sponsors under the Homes for Ukraine Scheme) from income tax and corporation tax. Legislation will...

HMRC has issued new guidance on information it has the authority to publish on tax avoidance schemes and the people involved in the supply and marketing of those schemes. The new guidance, which has been added to the top of HMRCs existing...

HMRC has added a new guidance section to its tables of repayment and late-payment interest rates. The new guidance How interest rates are set clarifies that: late-payment...

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 Updated: CG22400, CG22410,...

The National Insurance Contributions (Increase of Thresholds) Act 2022 received Royal Assent on 31 March 2022 and realises the UK government’s policy of aligning the NICs thresholds with the income tax personal allowance (£12,570).Section 1 increases...

On 5 April, EU finance and economics ministers met again to discuss the EU pillar two directive which needs to be agreed by all 27 member states before it can be adopted. Poland, however, continues to object, stating that it wants a legally binding...

50% of businesses reported that IR35 was, despite Brexit and the covid-pandemic, the biggest obstacle to hiring contractors over the past 12 months, according to Kingsbridge Contractor Insurances survey of more than 1,200 contractors,...