NEWS

The CIOT has published an updated set of FAQs from HMRC covering common issues encountered with the capital gains tax 30-day reporting service for UK property disposals. The FAQs cover various scenarios including those involving estimates and...

HMRC has published new guidance on how to claim relief from SDLT when buying land or buildings in a designated freeport tax site. Relief can be claimed where the land or buildings will be used in a ‘qualifying way’, as follows:in a commercial trade...

The Tax Credits and Child Benefit (Miscellaneous and Coronavirus Amendments) Regulations SI 2021/810 amend the Tax Credits (Definition and Calculation of Income) Regulations, SI 2002/2006 to ensure that payments under the covid local support grant...

Section 131 of Finance Act 2021, which gives HMRC the power to grant temporary approvals to businesses to continue trading while an appeal of an HMRC decision to reject a trading approval is underway, has been brought into force on 5 July 2021.The...

The Customs and Excise Border Procedures (Miscellaneous Amendments) (EU Exit) Regulations, SI 2021/830 remove the staged import and export customs controls which were put in place on a temporary basis to cope with the effect of coronavirus on...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Making a delayed supplementary import declaration using the Customs Declaration Service—new guidance for businesses on...

The OECD has published a new report Tax Transparency in Latin America 2021 which outlines a Latin American initiative to tackle tax evasion, corruption and other financial crimes through transparency and exchange of information (EOI) for tax...

The CIOT has published a useful summary of how to send feedback to HMRC on the content of its internal guidance manuals. The CIOT notes that detailed feedback can be given using the ‘contact’ link at the very bottom of any page, with detailed...

The UK government will publish draft clauses for the next Finance Bill on Tuesday 20 July 2021 (as confirmed by the Financial Secretary to the Treasury in a Written Statement)....

HMRC has published new guidance for advisers on how to register as an agent with HMRC, how to change or remove agent authorisations and how to give staff access to HMRC online services for agents. The guidance covers the following:Registering as an...