NEWS

The total revenue HMRC generated from tax investigations and other compliance activity has risen to £30.8bn in 2021, up from £28bn in 2020, as it pursues tax lost to evasion or avoidance during the pandemic, according to research from Pinsent...

The ATT supports HMRCs plan to crack down on SDLT avoidance when people buy residential property but is concerned that HMRCs proposals to apportion tax for a mixed-use property will add uncertainty for the purchaser about final purchase...

HMRC has published the final guidance on the notification of uncertain tax treatment by large business after considering all the feedback and using it to improve the quality of the guidance, offering further clarity on how the new regime will apply...

The Economic Crime (Transparency and Enforcement) Bill was introduced into Parliament on 1 March in response to Russias invasion of Ukraine. As part of the Bill, a new register will require overseas entities owning UK property to identify...

The third Reading of the National Insurance Contributions Bill took place on 22 February in the House of Lords, and the Bill returned to the Commons for consideration of the Lords' amendments on 1 March....

On 24 February, the Council of the EU added Russia, Bermuda, Israel and BVI to Annex II of its list of non-cooperative jurisdictions for tax purposes (its grey list). Annex II includes jurisdictions which remain subject to monitoring...

On 28 February, the OECD released the third batch of 2021/22 updates to the transfer pricing country profiles for 28 jurisdictions. Updates to the UK profile include new sections on the transfer pricing aspects of financial transactions and the...

The Income Tax (Qualifying Maintenance Payments) (Amendment) Regulations, SI 2022/169 ensure that qualifying maintenance payments made pursuant to a UK court order or a written agreement under the law of the UK, continue to qualify for income tax...

The Statutory Sick Pay (Coronavirus) (Miscellaneous Amendments) Regulations, SI 2022/176 will bring the statutory sick pay rebate scheme to an end on 17 March 2022. This means that employers will not be able to claim a rebate for any absence related...

HMRC has published new guidance on the rules for transferring unused nil-rate band to a surviving spouse or civil partner. Examples illustrate how to work out the unused threshold together with details on how to make a claim to transfer any unused...