NEWS

The CIOT has written to HMRC in relation to the FA 2025 and double remittances into the UK post-6 April 2025 and provided technical analysis concerning the construction of s 809P(12) as in force until 5 April 2025. In its letter, the CIOT states that...

HMRC have published Revenue & Customs Brief 2/25 which provides information about the treatment of state regulated care providers that form a VAT group with non-state regulated providers of welfare services. This brief highlights that HMRC have...

The Republic of Côte d’Ivoire has signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. By signing, Côte d’Ivoire joins the world’s widest-reaching international treaty for international tax co-operation and exchange...

HMRC have published Spotlight 69, highlighting a tax avoidance scheme used by landlords to reduce their tax liability through the liquidation of a Limited Liability Partnership (LLP). The scheme allows them to transfer their property business to a...

HMRC must ensure its systems meet customers’ needs while preparing to seize the opportunities of artificial intelligence (AI), the PAC recommends. In its latest report on the cost of the tax system, the PAC urges HMRC to lay out realistic plans to...

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

Speaking recently with Tax Journal, the Exchequer Secretary to the Treasury James Murray addressed speculation over a potential reduction of the UK Digital Services Tax (DST) to facilitate a trade deal with the United States. Murray pointed out that...

In the latest issue (130) of HMRC’s Agent Update, HMRC announced a U-turn on their approach to historic reporting company nominations required for corporate interest restriction (CIR) returns. HMRC have now published details of their approach in...

The CIOT has sought to clarify the application of the going concern rules in the context of intra-group transfers of trade, where such transfers do not occur within the accounting period for which an R&D claim is being made. HMRC have confirmed to...

At Autumn Budget 2024, the Government announced that it would launch a consultation in early 2025 on the tax treatment of pre-development costs. However, following the recent Court of Appeal judgment in Orsted West of Duddon Sands (UK) Ltd and others...