NEWS

Recent developments in tax.

HMRC has published a new VAT brief which explains what taxpayers with appeals related to the VAT treatment of gaming machines from 6 December 2005 to 31 January 2013 must do to claim VAT refunds.Revenue and Customs Brief 12 (2021): VAT treatment of...

Togo has joined the OECD Inclusive Framework on BEPS and has also signed up to the statement on the two-pillar plan to reform international taxation, taking the number of signatories to 134....

HMRCs Pension schemes newsletter 132 August 2021 includes a number of deadline reminders for scheme administrators, including: 30 September 2021: deadline for pension scheme...

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: CG64807 Private...

The CIOT, ATT and other professional bodies have urged the UK government to reconsider the timetable for basis period reform alongside other changes in the move towards a digital tax system.The professional bodies consider that digital tax reforms...

The All-Party Parliamentary Group on Anti-Corruption and Responsible Tax has released a policy paper, highlighting what it describes as widespread concern over the last decade regarding settlements between HMRC and large businesses and...

HMRC has published draft guidance on the rules (set out in the draft legislation for Finance Bill 2022) for large businesses to notify HMRC when they take an uncertain tax position. The provisions will have effect for returns within scope that are...

HMRC has published Agent Update issue 87 (August 2021) providing a round-up of recent developments for tax agents and advisers, including the following: Recent Making Tax Digital updates,...

HMRC has published an initial equality impact assessment of the changes to the NICs treatment of termination payments and sporting testimonials introduced in April 2020. The impact assessment notes that employers are particularly affected by...

HMRC has published Revenue and Customs Brief 11 (2021): VAT liability of Coronavirus (COVID-19) testing services which explains the rules for the VAT treatment of Covid-19 testing services.The testing services are treated as medical care where...

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