NEWS

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors. Direct taxes Manual ...

The Treasury has published its Net Zero Review Final Report as part of the UK government’s net zero strategy. The report considers the impact of the net zero strategy on the UK economy and international competitiveness, the impact on households and...

The CIOT has responded to two Treasury consultations on the UK’s anti-money laundering (AML) regime, including proposed changes to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations, SI 2017/692,...

HMRC has updated its guidance Check if you're eligible for making tax digital for income tax to cover the application from 6 April 2024 of the rules to individuals who are non-UK resident or non-UK domiciled, and who will only need to follow the...

A freedom of information request shows that, in a typical year, only 33% of tax returns are filed by 20 October, suggesting that most taxpayers leave filing their returns until much nearer the online filing deadline – with 43% of returns submitted in...

HMRC has published the synthesised text of the UK’s double tax convention with Oman as modified by the multilateral instrument (MLI). The modifications made by the MLI are effective as follows:for taxes withheld at source on amounts paid or credited...

The OECD has published a statement by Bob Hamilton, chair of the Forum on Tax Administration (FTA) and Chris Jordan, chair of the FTA’s Joint International Task Force on Shared Intelligence and Co-operation (JITSIC), on the recent leaking of the...

The OECD/G20 Inclusive Framework on BEPS has published its fourth annual review of BEPS Action 13 on country-by-country reporting (CbC) and BEPS Action 14 on resolution of tax-related disputes between jurisdictions.On Action 13, over 100...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime: Using the Harmonised System and product-specific rules for trade between the UK and EU: new guidance for businesses on...

HMRC has published new regulations which set out the customs, excise and VAT rules that will apply for free zones located within freeports in Great Britain. Free zones are secure customs zones located within a freeport, where business can be carried...