NEWS

HMRC has published a new factsheet Budget 2021: Super-deduction setting out basic details for the enhanced capital allowances available to companies for expenditure on qualifying plant and machinery between 1 April 2021 and 31 March 2023.The Treasury...

HMRC has issued new factsheet CC/FS44: information notices: enablers of defeated tax avoidance explaining the information notices it may give when checking whether a penalty is due for enabling abusive tax arrangements....

The government has published a summary of responses to its consultation Tackling Promoters of Tax Avoidance on proposed changes to strengthen the sanctions against those who promote or enable tax avoidance schemes, and intends to take forward the...

HMRC has published updated guidance on reporting cross-border arrangements to HMRC. The guidance confirms the key change following the end of the Brexit transition period – that businesses only need to report cross-border arrangements to HMRC if they...

HMRC has published new guidance on the stamp duty land tax (SDLT) 2% surcharge which will apply from 1 April 2021 in relation to non-resident purchasers of residential property in England and Northern Ireland. The surcharge applies on top of all...

The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order, SI 2021/245, sets out the annual chargeable amounts of ATED by reference to the taxable value of the interest, for chargeable periods beginning on or after 1 April...

The Land Transaction Tax (Temporary Variation of Rates and Bands for Residential Property Transactions) (Wales) (Amendment) Regulations, SI 2021/238, extend the period during which the increased nil-rate band will apply for residential property...

HMRC has updated its guidance on parcel and post movements from Great Britain to Northern Ireland to give more time for customs declarations for traders and carriers beyond 1 April 2021. HMRC has adopted a temporary approach to applying declaration...

The Customs Tariff (Preferential Trade Arrangements) (EU Exit) (Amendment) Regulations, SI 2021/241, amend SI 2020/1457 to give effect to preferential import duty rates agreed under free trade arrangements entered into between the UK and Ghana. The...

HMRC has published new guidance on the VAT treatment of transactions of specified supplies of finance and insurance services following changes made to the principal ‘Specified Supplies’ Order (SI 1999/3121 – the SSO) which extend the right to deduct...