NEWS

Recent developments in tax.

HMRC has updated its guidance National insurance for workers from the UK working in the EEA or Switzerland to include a summary covering individuals who normally work in the UK or the EU, but whose work location has changed temporarily because of...

HMRC has updated its guidance Manage your trust’s details to cover the situation where trustees of a trust which has not been registered first need to ‘claim’ the trust before authorising an agent. The ATT has also updated its step-by-step guide How...

HMRC has released a new online IHT guidance tool to support those unfamiliar with the IHT process and who need guidance on whether they will need to pay IHT and what forms they need to complete. HMRC has highlighted that the tool is not a calculator...

The Council of the EU has adopted amendments to the principal VAT Directive (2006/112) introducing a temporary VAT exemption for importations and for certain supplies in response to the covid-19 pandemic.The ‘buy and donate’ Directive will introduce...

The Department for International Trade (DIT) is consulting (until 12 September 2021) on proposed changes to the UK trade preference scheme which reduces or removes import tariffs for 70 developing countries. The existing Generalised Scheme of...

HMRC has published further new and updated guidance for imports, exports and customs to reflect the post-transition period regime:Simplified processes for fixed transport installations: new guidance on simplified declarations, and whether...

HMRC scaled up its investigations work at the start of 2021, following the dip in 2020 as its resources were deployed elsewhere during the covid pandemic. Accountancy firm UHY Hacker Young reports that 102,000 compliance investigations were opened in...

The CIOT has published its response to HMRC’s consultation the tax administration framework: supporting a 21st century system.The CIOT supports the review of the UK tax administration framework, although it would have preferred greater clarity around...

HMRC has rewritten its standard letter (PDDD1) which it issues when setting out its intention to publish details of taxpayers who have been charged a penalty for deliberate inaccuracy in a return or other document.The letter notes that the intention...

HMRC has published a paper Collecting tax debts as we emerge from coronavirus setting out its approach to dealing with tax debts for individuals and businesses and those concerned about their ability to pay their tax due.As the Covid support schemes...

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