NEWS

Recent developments in tax.

HMRC has amended its guidance Charities: detailed guidance notes on how the tax system operates to confirm that it now considers that donations can be made via a waiver of a right to either a refund or loan repayment and that such donations are...

HMRC has published new guidance Working through an umbrella company on payment arrangements for agency workers working through an umbrella company. The guidance notes that the umbrella company will pay the workers and deduct PAYE income tax and NICs,...

Tax Journal thanks its authors for April 2021.

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 Allowances Manual Updated: CA23088 ...

Ahead of the Scottish parliamentary elections on 6 May, the Scottish political parties have published detailed manifesto commitments. Proposals for tax include the following:SNP: Scottish income tax rates will be frozen for five years with thresholds...

The Pension (Non-Taxable Payments Following Death) (Real Time Information) Regulations, SI 2021/506 provide for the mandatory reporting to HMRC of certain types of non-taxable payments through the real time information (RTI) system. This will require...

The Public Bill Committee finished its scrutiny of the Finance Bill on 27 April, having sat for only four of the originally proposed ten sessions. The Bill has been republished, incorporating all of the changes agreed in committee. The revised Bill...

Stamp Taxes Newsletter (April 2021), covering: the Upper Tribunal decision in Hyman and others on what constitutes the garden or grounds of a dwelling, the SDLT non-resident surcharge, the temporary extension of the SDLT increased nil-rate band, SDLT...

HMRC has published a new factsheet CC/FS59: Compliance checks: country-by-country reporting penalties covering penalties for inaccurate information and for not meeting obligations under the Taxes (Base Erosion and Profit Shifting) (Country-by-Country...

The International Tax Compliance (Amendment) Regulations, SI 2021/485 bring a number of new exchange arrangements entered into by the UK up to 20 April 2021 within the scope of the reporting requirements of the International Tax Compliance...

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