NEWS

HMRC has published new guidance to help contractors and agency workers working through umbrella companies check that they are not involved in a tax avoidance scheme.Check your payslip if you work through an umbrella company explains that receiving...

Finance Bill 2022 is due to be considered by a Committee of the Whole House on 1 December 2021, before remaining clauses are passed to a Public Bill Committee (which is expected to begin its scrutiny of the Bill on 14 December). As set out in the...

It is with great sadness that we report the death of barrister Chris Whitehouse on 16^th November 2021. 

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 Allowances Manual New:...

The COP26 UN Climate Change summit in Glasgow ended on 14 November. Speaking at the conclusion of the conference, UN Secretary-General Antnio Guterres described the outcome of COP26 as a compromise which reflected the interests, the...

Royal Dutch Shell plans to streamline its organisational structure, bringing its current dual-share model together into a more conventional single-share structure derived from the UK PLC, and aligning its tax residence with its country of...

HMRC have issued regulations setting out the tax treatment of the long-term asset fund (LTAF), a new type of authorised fund targeting investment in long-term illiquid assets. An LTAF can be an open-ended investment company (OEIC), an authorised unit...

HMRC has published the synthesised text of the UK’s double tax convention with Mauritius as modified by the Multilateral Instrument (MLI). The modifications made by the MLI are effective for:taxes withheld at source in Mauritius from 1 July 2020 and...

The Pacific Islands Tax Administrators Association (PITAA) has joined the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes, becoming its 21st ‘observer’. As an observer to the Global Forum, PITAA will participate in...

The European Parliament has formally adopted a directive to amend the Accounting Directive 2013/34/EU. Multinationals and their subsidiaries with annual revenues over €750m, and which are active in more than one EU country, will now have to publish...