NEWS

The tax credits renewal pack (TC603R) sent by HMRC to around one million claimants did not include all of the income information that is used to calculate their awards. HMRC has reassured individuals that tax credits payments made since the start of...

HMRC has updated its guidance Check if you can claim back statutory sick pay paid to employees due to coronavirus (Covid-19) to reflect that SSP paid due to coronavirus can be claimed for employees who have transferred under TUPE. The new employer...

HMRC has updated its guidance for businesses which need to claim overpaid VAT following the recent UT decision in HMRC v Rank and another [2020] UKUT 117 (TCC). Revenue Customs Brief 5/2020 has been revised to cover how to progress a claim and...

HMRC is consulting on draft legislation which would add two bodies to the list of organisations entitled under VATA 1994 s 33 to claim a refund of VAT charged on supplies even though those supplies are not used for the purpose of their business. The...

The OECD expects to unveil a solution in October 2020 on new digital taxation rules, showing that jurisdictions are close to an agreement despite recent hiccups, according to Pascal Saint-Amans, OECD deputy director for...

The UK government is to defer the first reporting deadlines under the International Tax Enforcement (Disclosable Arrangements) Regulations, SI 2020/25, by six months, as confirmed by HMRC in an update to its International Exchange of Information...

The EU has also reached preliminary agreement on postponing by six months the application of the VAT e-commerce package for distance sales of goods to 1 July 2021, instead of 1 January 2021....

The Chancellor has signed a joint statement with Ueli Maurer, Head of Switzerlands Federal Department of Finance, committing both countries to develop an international mutual recognition agreement on financial services which will...

The OECDs Platform for Collaboration on Tax is inviting public comments (by 10 September 2020) on its draft toolkit on tax treaty negotiations: a joint effort with the IMF, UN and World Bank Group to provide capacity-building support to...

From 1 November 2020, payments made to HMRC using a business debit card will attract a fee, in addition to payments currently made by business credit card. The Fees for Payment of Taxes, etc by Card Regulations, SI 2020/657 extend the fees to...