NEWS

Recent developments in tax.

Croatia and Malaysia have deposited their instruments of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Multilateral Instrument or MLI) with the OECD. For Croatia and...

The 2021 Protocol to the 2015 Double Taxation Convention between the UK and Sweden was signed in London on 23 February 2021. The Protocol will enter into force when both countries have completed their legislative procedures and exchanged diplomatic...

HMRC has updated its double taxation treaty guidance to include the ‘synthesised’ version of the UK/Saudi Arabia agreement as modified by the Multilateral Instrument. The revised version takes effect as follows:in both countries from 1 January 2021...

The OECD inclusive framework on BEPS has approved a new process for the BEPS Action 5 peer review of the transparency framework for the years 2021 to 2025 in order to maintain and improve transparency on tax rulings.The new peer review process...

HMRC has published new guidance VAT notices for transactions on or before 31 December 2020 to help businesses find withdrawn VAT Notices, to check the rules for transactions that took place on or before 31 December 2020. The withdrawn notices...

The CIOT reports that HMRC is currently dealing with a high volume of VAT registration applications and is processing around 70% of these applications within 30 days. It is prioritising this work and expects to be processing 95% within 30 days by the...

The new online portal for the VAT deferral new payment scheme opened on 23 February, and will be available until 21 June 2021, for businesses which deferred VAT payments in 2020. The scheme allows businesses which deferred VAT payments due between 20...

The National Audit Office has published an interactive guide setting out good practice principles for annual reporting. Good practice in annual reporting provides illustrative examples taken from public sector organisations who are considered to be...

Latest HMRC guidance includes:CWG2: further guide to PAYE and national insurance contributions: latest version published for 2021/22.CWG5: class 1A national insurance contributions on benefits in kind: latest version published for 2021/22.Agent...

This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.Direct taxesManual Page Comments Capital Gains Manual Updated: CG64990 Updated...

Go to page of 1116