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 Added: CG57828 Added...

HMRC has published a report evaluating how powers, obligations and safeguards, introduced since 2012 to enable it to administer the tax system, have been implemented and operated. The report is the culmination of work which HMRC undertook with...

The Department for Business, Energy & Industrial Strategy (BEIS) has launched a consultation Subsidy control: designing a new approach for the UK on proposals for a new UK-wide subsidy control system which would depart from the EU state aid regime...

According to new research and analysis from HMRC on agents’ experiences of handling accelerated payment notice (APN) and follower notice (FN) investigations on behalf of their clients:APNs and FNs need to be as clear and concise as possible to ensure...

The GAAR advisory panel’s latest opinion finds that a scheme involving the artificial repayment of a loan or advance to a participator was not a reasonable course of action.The panel’s opinion covers the artificial repayment of a participator loan...

The European Union has published the following factsheets ahead of the forthcoming EU VAT E-Commerce package:All you need to know about the import one-stop shop (IOSS): From 1 July 2021, the VAT exemption for the importation of goods into the EU with...

The Land Transaction Tax (Specified Amount of Relevant Rent) (Wales) (Amendment) Regulations, SI 2021/119, increase the amount of relevant rent specified in reg 2 of the Land Transaction Tax (Specified Amount of Relevant Rent) (Wales) Regulations, SI...

HMRC has set out (via the ATT) details of the new SDLT surcharge for non-residents purchasing residential property in England and Northern Ireland. From 1 April 2021:a non-UK resident buying residential property in England or Northern Ireland will...

HMRC has updated its guidance Apply for a general guarantee account and pay disputed amounts to revise the get a guarantor section, which now advises that:businesses which provide a customs guarantee in Great Britain must have a...

HMRC has updated VAT Notice 708/6 Energy-saving materials and heating equipment to cover the application of the reduced rate for energy-saving materials to air-source heat pumps.The updated guidance highlights that, while the legislation for...