NEWS

The CIOT has also responded to HMRC’s consultation on transfer pricing, permanent establishment and diverted profits tax which closed on 7 July. On transfer pricing and the general exemption for UK, the UK transfer pricing is considered a positive...

HMRC data suggests that the number of real estate investment trusts (REITs) in breach of the conditions for their special tax status has nearly quadrupled over the last year, according to analysis by law firm BCLP (Bryan Cave Leighton Paisner). The...

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

The G7 has reached agreement on the application of the global minimum tax under Pillar Two, including the removal of section 899 from the US One Big Beautiful Bill a retaliatory tax provision designed to increase tax on foreign...

The Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations, SI 2025/744, will require UK businesses which transfer relevant cryptoassets, or exchange relevant cryptoassets for other cryptoassets, government...

Data obtained by LCN Legal under the Freedom of Information Act suggests that HMRC have been taking a light-touch approach to transfer pricing cases, with penalties for non-compliance with the UK rules either so small as to be non-disclosable or...

Following concerns previously raised around errors in some Class 2 NICs computations, the ATT reports having received confirmation from HMRC that no further action is now required by agents who have received incorrect calculations for their clients....

The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations, SI 2025/666, introduce an exemption from stamp duties on transfers of shares in connection with trading activity that takes place on a Private...

The Individual Savings Account (Amendment) Regulations, SI 2025/733, introduce various changes to the principal ISA regulations (SI 1998/1870). Among the more notable amendments are the new requirement for national insurance information to have been...

In a proactive and detailed submission, the CIOT highlights various issues related to the non-dom reforms ‘that may require legislative change and other areas of uncertainty’. On the foreign income and gains (FIG) regime, consideration should be...