NEWS

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. Direct taxesManual Page Comments Business Income Manual Updated: BIM70015 ...

Following a recommendation in the 2021 HM Treasury five-year review of the Office of Tax Simplification (OTS), the chancellor and financial secretary to the Treasury has asked that the OTS articulate its approach to and interpretation of tax...

The OECD is consulting on Draft model rules for tax base determinations under amount A of pillar one. The draft rules will establish the profit (or loss) of an in-scope MNE that will be used for the amount A calculations to reallocate a portion of...

HMRC has clarified its position on the purchase of own shares legislation in CTA 2010 s 1033 where the transaction is effected through a multiple completion contract and where the seller, immediately after the purchase, remains connected with the...

The ATT is calling for a rethink of the UK government’s plan to require companies to notify HMRC in advance that they intend to claim R&D tax reliefs, noting that the proposal risks denying tax relief to those companies that need it most.While the...

HMRC has published a consultation to seek views on draft Registered Pension Schemes (Miscellaneous Amendments) Regulations 2022. The regulations will extend information and reporting deadlines for scheme pays and the annual allowance tax charge. The...

The CIOT has responded to HMRC’s consultation on proposed changes to the SDLT rules for: (1) acquisitions of mixed-use property, apportioning the SDLT rather than charging the whole to the lower non-residential rates, and (2) multiple dwellings...

Revenue and Customs Brief 3 (2022): postponed VAT accounting and businesses registered under the flat rate scheme explains that, from 1 June 2022, businesses registered under the VAT flat rate scheme should no longer include imports accounted for...

HMRC has updated its guidance on registering for plastic packaging tax to add more information in relation to who should register for the new tax. The guidance is updated at the section ‘Who should register’. If packaging components are imported...

Further to a report Giving evidence from abroad (Tolley) published in Tax Journal, 11 February 2022, the First-tier Tribunal Immigration and Asylum Chamber has now published guidance regarding witnesses giving oral evidence from abroad...