NEWS

The US Budget Reconciliation Bill includes proposals for retaliatory measures against jurisdictions which are deemed to have ‘unfair foreign tax’ which from a UK perspective will include the digital services tax, diverted profits tax or undertaxed...

HMRC have updated their internal guidance on tribunal anonymity applications, suggesting that orders should only be granted where ‘strictly necessary’ and ‘where proportionate on a case-by-case basis’. The guidance, set out in HMRC’s Appeals Reviews...

Responding to HMRC’s consultation, Enhancing HMRC’s ability to tackle tax advisers facilitating non-compliance, the CIOT welcomes recognition that ‘most tax advisers are competent and adhere to professional standards’ and ‘add value to the tax system...

The CIOT has also responded to HMRC’s consultation, Better use of new and improved third party data, welcoming the principle of using improved data to help taxpayers meet their tax obligations (for example, by pre-populating returns), but noting that...

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

James Murray, Exchequer Secretary to the Treasury, confirmed in a ministerial statement on 15 May that the Government will legislate in the next Finance Bill to allow employers, with the employee’s permission, to amend existing EMI and CSOP contracts...

HMRC have published guidance on the Cryptoasset Reporting Framework (CARF), outlining new obligations to collect and report user data. From 1 January 2026, UK-based reporting cryptoasset service providers (RCASPs) will be required to collect and...

The Environment, Food and Rural Affairs Committee, comprising 11 MPs across political parties, has recommended that the Government to delay implementing its final APR and BPR reforms until April 2027 in order to provide more time for farming...

The Value Added Tax (Amendment) Regulations, SI 2025/578, address an administrative inflexibility by providing HMRC with the power to extend by direction the length of the period a person has available to make their final return when becoming...

The Finance Act 2021 (Increase in Schedule 26 Penalty Percentages) Regulations, SI 2025/589, increase the penalty percentages for late payment of tax under Making Tax Digital – initially for VAT and those within the income tax pilot phase (‘eligible...