NEWS

HMRC’s Stakeholder Digest (4 November 2021) rounds up recent developments, including the following:Publication of HMRC’s annual report and accounts, and the Charter annual report, for the tax year 2020/21. Headline figures include £608.8bn collected...

The Welsh Government has published a Tax policy framework update and Tax policy work plan setting out a number of tax priorities for the five-year Senedd term:no increases in the Welsh rates of income tax (WRIT) ‘for at least as long as the economic...

Finance Bill 2022 was published on 4 November 2021. Running to 185 pages of substantive legislation, with 102 clauses and 16 Schedules, the Bill is available on the UK Parliament website. Formally known as Finance (No 2) Bill (as the second Finance...

HMRC has updated its list of recognised stock exchanges to reflect the 2020 name changes to a number of the Oslo Stock Exchange markets....

The OECD has announced that Mauritania has joined the inclusive framework on BEPS and become its 141st member. Mauritania has also committed to address the tax challenges associated with the digitalisation of the economy, and joined 136 other...

At COP26 last week, Chancellor Rishi Sunak stated his intention to make the UK the worlds first net zero aligned financial centre. As well as financial institutions contributing money, he said that he has secured commitments from companies...

HMRC has issued a new notice which has the force of law under VATA 1994 Sch 9ZD paras 12(3)(b) and 13(2), prescribing that a VAT one-stop shop (OSS) return must be submitted (and paid) before the end of the month following the month in which the last...

HMRC has published a new technical note explaining the changes to IHT reporting requirements made by the IHT (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations, SI 2021/1167. The changes involve a widening of the circumstances when a...

The Occupational and Personal Pension Schemes (Conditions for Transfers) Regulations, SI 2021/1237, introduce new conditions which must be satisfied before a transfer between an occupational and a personal pension scheme can proceed.One of the...

HMRC has published a policy paper outlining the increase to the earliest age at which most pension savers can access their pensions without incurring an unauthorised payments tax charge (the ‘normal minimum pension age’) from 55 to 57.As outlined at...