NEWS

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: CG64990 Updated...

In 2020/21 (as at 15 January 2021), HMRC had issued 80 data requests to online platforms for information about online sellers it suspected of evading UK VAT. The figures, revealed by UHY Hacker Young, are down from 2,684 data requests in the previous...

Recent HMRC guidance includes the following: HMRC compliance checks: help and support: updated to add further detail on how taxpayers can help HMRC with checks – covering, for example, documents requested by HMRC and HMRC visits. A new section has...

The National Audit Office (NAO) has published a report examining how HMRC and HM Treasury manage tax measures with environmental objectives. The report also covers how the resources of the exchequer departments are used to manage the relationship...

The government has launched a consultation reconfirming its intention to legislate the increase of the normal minimum pension age from age 55 to 57 in 2028. It also seeks views on the proposed protection regime under which certain scheme members...

The Pension Schemes Act 2021 received royal assent on 11 February 2021 and introduces a framework of new measures, with the detail to be set out in future regulations. Part 1 of the Act introduces the concept of collective defined contribution...

There has been an 88% increase in the amount of money HMRC paid out in legal costs to taxpayers in cases HMRC lost, from £1.3m in 2018/19 to £2.5m in 2019/20, according to law firm Pinsent Masons. The firm said this jump in court costs awarded...

The European Commission has published a proposal for a Council implementing decision which would allow the UK, to continue to apply a measure derogating from articles 16 and 168 of the VAT Directive, in relation to the operation of a special scheme...

The OECD has published the final batch of stage 1 peer review assessments for BEPS Action 14 which aims to improve tax dispute resolution mechanisms between countries. The reports cover Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan,...

The Welsh Revenue Authority has published the following new guidance notes in relation to the Welsh devolved taxes (land transaction tax and also Welsh landfill tax): Authority to act with the Welsh Revenue Authority; Get extra help with tax; Paper...