NEWS

The CIOT notes that the current offshore anti-avoidance provisions are outdated and confusing, suggesting that the various legislative provisions should instead be unified into one anti-avoidance code applying for income and capital gains from...

HMRC have updated their guidance on the online tool ‘Manage your trust’s details’. The updated guidance confirms which details can and cannot be changed using the online service by lead trustees, settlors, protectors or other individuals. Information...

HMRC are writing to individuals whom they suspect are operating in the hidden economy and who have not reported their income to HMRC for the period up to the tax year ending 5 April 2023. This is based on data HMRC have received from online...

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

HMRC and the Department for Business and Trade (DBT) have jointly launched a 12-week consultation on electronic invoicing, which the UK government hopes will reduce paperwork for businesses and enhance productivity. E-invoicing will be particularly...

The Social Security (Contributions) (Amendment) Regulations, SI 2025/144, impose a new reporting requirement for employers which operate in designated special tax sites within a freeport or investment zone, and claim the zero rate of secondary Class...

The financial thresholds for determining the size of a company under the off-payroll working rules are set to increase from 6 April 2025. The substantive changes to the turnover and balance sheet thresholds were made by SI 2024/1303 to Part 15 of the...

HMRC have issued updated guidance on applications to pay voluntary NICs when abroad. The section which had noted that individuals should apply by post if they had previously paid three years of social security contributions in certain other countries...

The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) Regulations, SI 2025/152, specify the following rates of landfill disposals tax in Wales from 1 April 2025: standard rate: £126.15 per tonne; lower rate: £6.30 per tonne; and unauthorised...

Responding to HMRC’s review of double tax treaty priorities for 2025/26, the CIOT has again called for renegotiation of agreements with EU member states, to replicate the benefits lost when the UK left the EU – particularly in terms of the Interest...