NEWS

The Business at OECD (BIAC) Committee on Taxation and Fiscal Affairs has written to the OECD Task Force on the Digital Economy and Working Part 11 on Aggressive Tax Avoidance to raise a number of points in relation to the two-pillar approach to...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime—Check if your goods can be moved into a Freeport customs site: new guidance for businesses to check when they can and...

HMRC has expanded the section on recycled plastic in its guidance on packaging subject to plastic packaging tax, noting the statutory limit that plastic packaging, where 30% or more of the plastic used is recycled, is not chargeable to tax (although...

The Welsh Government intends to introduce legislation to allow taxpayers to claim a refund of the higher rates of land transaction tax (LTT) where they are replacing their main residence and have sold their previous main residence more than three...

HMRC has updated its guidance on accounting for import VAT on the VAT return to add a new section ‘how to adjust errors for import VAT’. Where businesses have accounted for import VAT on their VAT return and later find out the amount has changed or...

The Tax Credits and Child Benefit (Miscellaneous Amendments) Regulations, SI 2021/1286 come into force on 9 December 2021 and ensure that entitlement to tax credits and child benefit remains unaffected by the introduction of a number of initiatives....

HMRC has updated its guidance How to complete your Stamp Duty Land Tax SDLT1 paper return to add ‘freeport relief’ in England to the list of reasons that can be entered in response to question 9 (‘are you claiming relief’), ensuring that the...

The ATT has published its written evidence to the House of Lords Economic Affairs Finance Bill sub-committee inquiry into the Draft Finance Bill. The written evidence follows up on oral evidence given by the ATT before the 13 October 2021...

HMRC has updated its Employer Bulletin October 2021. Example 1 – Offshore matters in the section headed Voluntary disclosures – PAYE liability involving offshore matters has been revised to show that salary paid by a Canadian employer to a UK bank...

HMRC has published Agent Update issue 90 (November 2021) providing a round-up of recent developments for tax agents and advisers, including the following:Summary of covid-19 guidance published by HMRC – including modifications to the statutory...