NEWS

The Public Accounts Committee (PAC) in its latest report focuses on HMRC’s already poor service to taxpayers that it says has become even worse. It urges the tax authority to take responsibility for how it has failed its customers and to act with...

HMRC is inviting views from users on their statistics publications and proposed changes to enable them to continue to produce relevant statistics that meet users’ needs. The consultation closes on 10 April 2025....

Manage your Trader Goods Profile: this is new guidance on how to use the Trader Goods Profile for simplified movements of goods from Great Britain to Northern Ireland under the UK Internal Market Scheme....

Trade with the UK as a business based in the EU: in the section ‘Moving goods into and out of the UK’, a step-by-step guide on how to bring goods into the UK has been added (although this is dated as having been added on 14 November 2024).HMRC...

Among the various Presidential Actions released on 20 January 2025, shortly after President Trumps inauguration, the following are likely to be of interest to tax practitioners.The OECD Global Tax Deal...

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

HMRCs proposals to make pension scheme administrators liable for reporting and payment of IHT, as part of the plans to bring pension funds within the charge to IHT from April 2027, create several problems, according to the Society of Pension...

Responding to HMRC consultation The Tax Administration Framework Review: New ways to tackle non-compliance, the CIOT suggests that HMRCs focus on specific issues that are causing problems now is potentially missing the bigger picture....

HMRC believes that as much as 10.1bn in VAT was underpaid by large businesses in 2023/24, a 20% increase of 1.99bn from 8.1bn in the previous year, law firm Pinsent Masons observes. HMRC attributes 74% of that amount (around...

The CIOT has responded to HMRCs consultation on the taxation of investment income received from overseas. Alignment of the UKs tax year with the calendar year for the purposes of overseas income would be a potential simplification,...