NEWS

Tax Journal thanks its authors for September (click on links to view author profiles and access articles).

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 Gains Manual Updated CG72380 Provides...

The Treasury has announced a 12-month delay to the introduction of making tax digital (MTD) for income tax, which will now be brought in for the 2024/25 tax year. Basis period reform is also to be moved back by 12 months.The Income Tax (Digital...

The government is now holding a technical consultation on the draft legislation for the economic crime levy ahead of its inclusion in the Finance Bill 2021/22, to ensure the legislation operates as intended. The consultation will run until 15 October...

The Department for Business, Energy & Industrial Strategy has launched a consultation to seek views from individuals and businesses on proposals to reform flexible working regulations. In April 2003, the UK government introduced the right for parents...

Latest guidance from HMRC includes:Updated list of recognised stock exchanges –updated the name of the Oslo Axess market to Euronext Expand market following name changes. VAT Notice 701/38: Seeds and plants that can be zero-rated – The sale of plants...

HMRC has updated its guidance Identify tax avoidance enabler penalties and when to appeal with new information about assessments, inspection powers, modifications and restrictions on the power to publish information.The guidance has been updated for...

Moldova has committed to implement the international Standard for automatic exchange of financial account information in tax matters (AEOI) (the common reporting standard) by 2023.Moldova has become the 119th member of the Global Forum to commit to...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime: Apply for repayment of import duty and VAT (CHIEF): published new guidance for businesses on using this service to...

HMRC has published new guidance to introduce new safety and security declarations that will apply from 1 October 2021 on goods leaving Great Britain (England, Scotland and Wales).As per the new guidance, Great Britain is now no longer part of a...