NEWS

HMRC has published a report Use of marketed tax avoidance schemes in the UK setting out the numbers and characteristics of taxpayers using marketed tax avoidance schemes in 2018/19.The number of people using avoidance schemes has increased from...

HMRC has confirmed that it will accept late elections to spread the charge over three years. Taxpayers had to report their outstanding disguised remuneration loans that are subject to the loan charge using the loan charge reporting form by 30...

HMRC has issued revised advisory fuel rates from 1 December 2020. The rates are used where employers either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel....

HMRC had previously announced that it would publish details of claims under the coronavirus job retention scheme (CJRS) for periods starting on and after 1 December 2020. Along with employer name and company number, HMRC has confirmed it will publish...

The Low Incomes Tax Reform Group (LITRG) has welcomed HMRCs decision to allow late loan charge spreading elections up to 31 December 2020 (as published in Statement of Practice 1/2020) but has also warned of other barriers stopping people from...

HMRC has reminded self-assessment taxpayers of the 31 January 2021 deadline to declare any profit made from selling a UK residential property, which was not their main home, during the 201920 tax year, and to pay any CGT due.The rules changed...

HMRC has announced that the VAT de-supply order, which treats the provision of cars under a salary sacrifice scheme as a non-supply is to be revoked before autumn 2021. Revenue Customs Brief 19/2020 notes that the...

In response to HMRCs call for evidence on VAT grouping, the Law Society does not favour:moving to compulsory VAT grouping, because it would reduce business flexibility; orelective VAT grouping on an all-or-nothing basis, where all members...

HMRC has published new guidance Check which type of account to apply for to defer duty payments when you import goods on applications for duty deferment for businesses that import goods or release goods from an excise warehouse. New rules for duty...

HMRC has confirmed that partial relief would not be available where the members of an LLP or the partners in a partnership consist of qualifying and non-qualifying house building companies. HMRCs confirmation was in response to a question...