NEWS

HMRC have published issue 131 of Agent Update, reminding practitioners of the recently issued Revenue & Customs Brief 2/25 on VAT grouping within the care industry. It explains that a VAT grouping structure used by some state-regulated care providers...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

The operation of the tax advice and compliance market in the UK could be adversely affected if the Government proceeds with its measures to tackle a small number of tax advisers who facilitate non-compliance, according to the ICAEW. In its response...

The ATT is urging the UK Government to proceed cautiously with any move towards mandatory e-invoicing, suggesting that digital invoicing should remain voluntary while the necessary infrastructure is put in place and any issues ironed out. A phased...

In some welcome news, HMRC have updated their Capital Gains Manual (at CG65356) to clarify that there is no change to their policy on the tax treatment of lump sum payments on divorce relating to the former matrimonial home. ...

The Taxation of Chargeable Gains (Gilt-edged Securities) Order, SI 2025/553, specifies 14 securities as ‘gilt-edged’ securities for the purposes of TCGA 1992 s 115, meaning that any gains on disposals of those securities are not treated as chargeable...

HMRC have updated the save as you earn scheme (SAYE) bonus rates following the Bank of England decision on 8 May 2025 to cut the bank base rate to 4.25%. SAYE bonus rates will be reduced to 0.7 for three-year contracts and 1.9 for five-year contracts...

HMRC have published Spotlight 70 to bring further attention to the use of VAT grouping arrangements by some residential care providers to enable recovery of VAT on costs which would otherwise not be recoverable. HMRC set out their approach to the VAT...

The Inclusive Framework on BEPS has published an updated version of its ‘Consolidated Commentary’ on the GloBE model rules, incorporating agreed administrative guidance up to March 2025 which has been released as jurisdictions have begun to implement...

President of the First-tier Tribunal (Tax Chamber), Judge Amanda Brown KC, has issued a practice statement that sets out how taxpayers and HMRC can turn to Alternative Dispute Resolution (ADR) once a formal appeal is under way (see...