NEWS

An OECD report recommends that the UK close tax loopholes, introduce revenue-raising measures (such as re-evaluating council tax bands based on updated property values), as well as making targeted spending cuts, in light of headwinds facing the UK...

The Draft Proceeds of Crime (Money Laundering) (Threshold Amount) (Amendment) Order 2025 was laid before both Houses of Parliament on 13 May 2025. Following approval by both Houses, the Order is expected to increase the transaction thresholds below...

Alongside regular updates, HMRC’s Pension Schemes Newsletter 170 for May includes the following points of particular interest for practitioners: Residence requirement for administrators: from 6 April 2026 all pension scheme administrators of a UK...

Tax Journal thanks its authors for May (click on links below to view author profiles and access their contributions):Rachit Agarwal, Monia Volpato and Uwe Zoellner - Lifecycle of a transaction: transfer pricing considerationsJohn Angood and James...

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

The CIOT and ATT are both reporting problems with Class 2 NICs incorrectly being included in SA302 tax calculations for 2024/25. Members of both bodies have found that, individuals who do not need to pay Class 2 NICs (in line with the most recent...

HMRC have published the outcome of research they commissioned into the effects of salary sacrifice arrangements on occupational pension schemes. The research, carried out by IFF Research on behalf of HMRC, looked at employer views and behaviours in...

The Land and Buildings Transaction Tax (Group Relief and Sub-sale Development Relief Modifications) (Scotland) Order, SSI 2025/158, aims to ensure that land and buildings transaction tax group relief is available for non-partition demergers. The...

HMRC have confirmed that letters have now been sent out to those who have been affected by the loan charge, including those whose arrangements are likely to fall within the scope of the ongoing independent review, led by Ray McCann. The letters are...

HMRC have published the latest quarterly update to the advisory fuel rates, used where employers reimburse employees for business travel in their company cars (or require employees to repay the cost of fuel used for private travel). The new rates,...