NEWS

The Law Society has responded to HMRC’s consultation on ways to help taxpayers get their offshore tax right first time. The Society agrees that the use of offshore data to inform HMRC’s communications and prompts to taxpayers, and particularly to...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Moving goods temporarily into and out of Great Britain and Northern Ireland: new guidance for businesses on how to pay...

HMRC has published the synthesised version of the 2013 Albania/UK double taxation agreement as modified by the multilateral instrument (MLI). The modifications made by the MLI to the UK/Albania agreement and are effective as follows:for taxes...

Following the announcement in the EC’s Communication on business taxation for the 21st century (reported in Tax Journal, 21 May 2021), the European Commission has now launched a new public consultation on tax avoidance and the use of shell entities....

Finance Act 2021 received royal assent at 12.08pm on 10 June 2021....

Responding to HMRC’s consultation on raising standards in the tax advice market, the Law Society supports the principle of mandatory professional indemnity insurance (PII) for anyone who provides tax advice, so long as the new regime does not create...

The Institute for Fiscal Studies has launched TaxLab, a new website which according to the IFS ‘has been created to provide better access to impartial information about how the UK tax system works, the effects it has on different people and...

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: CG53008 Updated...

The G7 finance ministers reach agreement on global tax reform, but now the real work starts.

The Office of Tax Simplification (OTS) is to review the implications of changing the tax year end date from 5 April to 31 March, aligning the tax year for personal taxes with the financial year for companies. The OTS’s ‘high-level scoping document’...