NEWS

HMRC has introduced a route for agents representing individuals and businesses to submit a bulk appeal for late-filing penalties from 24 March 2021 on behalf of their clients, where coronavirus is being claimed as a reasonable excuse for late filing...

The practice direction on contingency arrangements in the First-tier Tribunal (FTT) and the Upper Tribunal (UT) and the practice direction on panel composition in the FTT and the UT have both been extended until 18 September 2021 with a few changes...

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 Archived:...

Brussels has launched legal action against the UK over alleged breaches of the two sides’ Brexit deal on Northern Ireland which could lead to British goods being hit with tariffs.The European Commission on Monday initiated a process that could result...

Finance Bill 2021 was published on 11 March 2021. The Bill, formally referred to as Finance (No 2) Bill (as it is the second Finance Bill to be introduced in the current parliamentary session), is expected to have royal assent before the...

To tackle the abuse of the CIS set-off process, the Income Tax (Construction Industry Scheme) Regulations, SI 2005/2045, that come into force on 6 April, allow HMRC to: correct or remove CIS set-off claims made on RTI returns where there are errors...

HMRC has announced that the Brexit support fund for SMEs is now open for applications who can apply for a grant of up to £2,000 to support them while adapting to new rules on trading with the EU. Any UK business with fewer than 500 employees that...

HMRC has published its Employment Related Securities (ERS) Bulletin 38 and confirmed that it is continuing to review the impact of coronavirus across all tax-advantaged share schemes and will provide updates when necessary....

HMRC has updated its guidance on ADR with information on the principles and responsibilities that participating taxpayers must follow.The full ADR principles can be found in factsheet CC/FS21, but the updated guidance highlights: agreeing to provide...

An international agreement has entered into force between the UK and Spain to improve tax co-operation between the tax authorities of Spain and Gibraltar.The International Agreement on Taxation and the Protection of Financial Interests between Great...