NEWS

The OECD has published a new report Inheritance taxation in OECD countries setting out a comparative assessment of inheritance, estate and gift taxes across 37 OECD member countries.The report finds that 24 out of 37 states currently levy some kind...

The European Commission (EC) has published a proposal for a regulation on foreign subsidies that distort the internal market. The proposal aims to address the perception that foreign subsidies have created an uneven playing field for competition. The...

Opening the 2021/22 parliamentary session on 11 May 2021, the Queen’s speech set out the UK government’s legislative priorities. Background briefing notes provide further detail of the Bills which are expected to be brought forward, which include the...

HMRC has removed the overarching Brexit banner message from its internal guidance manuals. On 23 December 2020, HMRC applied the banner message to the manuals: ‘You should check the other guidance available on Gov.uk from HMRC as Brexit updates to...

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: CG66960 Updated...

VAT Notice 700/22: Making Tax Digital for VAT: Section 8 has been updated with new examples of when digital links are required. Section 4 has been updated to reflect the end of the ‘soft landing period’ for digital links (businesses were not required...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.Direct taxesManual Page Comments Guidance Real Estate Investment Trusts Manual ...

The Treasury has launched a consultation on the design of a new residential property developer tax (RDPT) as part of the UK government’s measures to address unsafe cladding on high-rise buildings.The government intends for this to be a time-limited...

KPMG Germany has produced a report on the impact for business of Brexit, 100 days after the end of the transition period.The report 100 Days of Brexit – an interim conclusion was commissioned by KPMG Germany and the British Chamber of Commerce in...

The Customs (Miscellaneous Amendments) Regulations, SI 2021/478, introduce a number of legislative changes to ensure that the UK’s customs regime functions as intended from the end of the transition period following the withdrawal of the UK from the...