NEWS

A new report by the Centre for the Analysis of Taxation (CenTax) has concluded that planned reforms to inheritance tax business and agricultural property reliefs would significantly reduce the concentration of relief amongst the wealthiest...

Responding to the Scottish Governments consultation on options for approaching cross-border taxation for Scottish aggregates tax, the CIOT suggests that:the Scottish Government, Revenue Scotland and HMRC should undertake a robust cost-benefit...

HMRC are offering agents further support options ahead of the mandation of MTD for income tax in April 2026. A range of engagement activities may be offered to agents who complete HMRCs new online form, reports the CIOT, including the...

HMRCs Pension Schemes Newsletter 172 (August 2025) includes the following points of interest for practitioners:Personal pension relief: from 1 September 2025, HMRC will be lowering the threshold for requiring evidence in support of higher rate...

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

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

The CIOT reports that HMRC are focusing their small business compliance activity on private use adjustments as part of their efforts to address the small business tax gap. HMRC intend to run a digital campaign in the coming months, says the CIOT, to...

Recent media reports suggest that the Treasury is considering introducing an annual or lifetime cap on gifts for IHT purposes, potentially also looking at taper rates following PETs. Commenting on the rumoured proposals, Hilesh Chavda, partner at...

HMRC have published a new Multinational Top-up Tax and Domestic Top-up Tax internal guidance manual based on previous tranches of draft guidance released for consultation in September 2024 and January 2025, updated to reflect stakeholder comments....