NEWS

HMRC has updated its SEISS guidance to cover how to notify errors in amounts claimed under the scheme and how to work out turnover where the taxpayer is a member of a partnership.Where a taxpayer is a member of partnership, working out turnover for...

HMRC has updated its policy paper Loan schemes and the loan charge an overview to cover the position individuals find themselves in where they were subject to the loan charge and have since been contacted by a third party asking them to repay...

HMRC has published a policy paper Technical note on the powers in the National Insurance Contributions Bill 2021 setting out how the UK government intends to use the following powers in the NICs Bill...

HMRC has highlighted the requirement for non-taxable trusts to register their details with HMRC using the Trust Registration Service (TRS), from the point at which the service becomes available to all non-taxable trusts (expected some time in...

HMRC has updated its guidance Changes to notifying an option to tax land and buildings during coronavirus (COVID-19) and VAT Notice 742A to reflect the end (on 31 July 2021) of the temporary extension to the time limit for notifying an option to...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime: Reference Documents for The Customs (Preferential Trade Arrangements)...

HMRC has launched a consultation on the implementation of the OECD Model Reporting Rules which, from January 2023, will require platforms to report details of the income of sellers on their platform to HMRC (or the relevant national tax authority)...

The OECD has released new data that underlines the importance of the two-pillar plan being advanced by over 130 members of the OECD/G20 inclusive framework on BEPS to reform international taxation rules and ensure that multinational enterprises pay...

The CIOT has commented on the Scottish Parliament consultation What matters to you? focusing on tax issues that Scottish Parliamentary committees should consider between 2021 and 2026 and that it believes will help deliver a devolved...

VAT Notice 700/17: Funded pension schemes: new section 6 Insolvent companies has been added on what a company must do if it is being wound up and receives supplies for which it is liable for VAT.HMRC Pension Schemes Newsletter 131:...