NEWS

HMRC have quadrupled the number of claims for R&D tax relief ‘corrected’ by its Fraud Investigation Service. According to data obtained by Price Bailey released under the Freedom of Information Act, it amended 2,440 claims for R&D corporation tax...

HMRC’s investigations into underpaid CGT have more than tripled in the past year, according to research from UHY Hacker Young. 14,223 investigations into suspected underpayment of CGT were completed by HMRC in the last 12 months, up from 4,564 in the...

The ICAEW has highlighted an important point in HMRC’s Agent Update Issue 129 around suspension of agent accounts without notice, a position reported to the institute by several of its member firms. The HMRC Update notes that agent accounts are often...

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

The ICAEW highlights concerns over Making Tax Digital for income tax self-assessment (MTD for ITSA), ten years after its first announcement and a year before its implementation. On 18 March 2015, George Osborne promised to introduce ‘a revolutionary...

The Economic Crime and Corporate Transparency Act 2023 (Commencement No. 4) Regulations, SI 2025/349, bring certain provisions of the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023) into force on 18 March 2025 and 1 September 2025....

The following regulations make necessary changes as a result of the reduction in the Class 1 NICs secondary threshold from 6 April 2025: Income Tax (Pay As You Earn) (Amendment) Regulations, SI 2025/294, add references to the Class 1 NICs secondary...

The Scottish Government is seeking views on the future of the SLCF, a voluntary tax credit scheme linked to the Scottish Landfill Tax (SLfT), due to the forecast decrease in waste disposed of at landfill sites. The decline in SLfT revenues, from...

The following Orders bring to an end the UK’s double tax agreements with both Russia and Belarus from April 2025: Double Taxation Relief (Russian Federation) (Revocation) Order, SI 2025/344; and Double Taxation Relief and International Tax...

A Treasury minutes progress report (March 2025) on Government responses to PAC recommendations confirms that delivery of the Single Customer Account remains on course to be completed by June 2025. ...