NEWS

New anti-avoidance rules for foreign domiciliaries and non-UK resident trusts were introduced from April 2017. Those rules included protections to help settlors of offshore trusts affected by the deemed domicile changes. Noting HMRCs view that...

HMRC has announced the withdrawal of the concessionary VAT treatment for property searches conducted by post, with effect from 1 December 2020. The concession allows solicitors and conveyancers to treat postal property search fees charged to their...

Relief from customs duties and import VAT can be claimed by businesses importing protective equipment and other medical equipment set out in the coronavirus commodity code list. One of the qualifying conditions for claiming relief is that the...

Higher rates of stamp duty land tax (SDLT) apply on purchases of second residential properties (worth 40,000 or more), where the original home has not been sold. Taxpayers can, however, apply for a refund of the higher element of SDLT on a...

HMRC has temporarily changed the way stamp duty reserve tax (SDRT) refunds are dealt with. In line with HMRCs general communications policy during the pandemic, until further notice taxpayers are required to email electronic copies of their...

The Economic and Financial Affairs Council (Ecofin) has published a draft report for the European Council, reviewing EU progress in a number of tax areas:on digital services taxation, EU member states prefer an international solution, rather than...

As part of a series of toolkits to help guide developing countries in the implementation of policy options for issues in international taxation of greatest relevance to these countries, the OECDs Platform for Collaboration on Tax...

The Law Society has published a set of QAs to explain the interaction between DAC 6 and legal professional privilege (LPP). Under the Directive, lawyers involved in advising on cross-border arrangements may fall under the disclosure requirements...

The Public Bill Committee met for the first time on Thursday 4 June. Clauses 1 to 20 were passed, and the Committee approved the Government amendments to loan charge cls 15 and 17, as expected. On Tuesday 9 June, the Committee passed the following...

The Scottish Parliament Finance and Constitution Committee has launched a call for evidence, seeking views by 7 August 2020 on the Scottish Governments budget for 2021/22. Among the questions for review, the Committee asks what...