NEWS

The EU Directive on Faster and Safer Relief of Excess Withholding Taxes (FASTER) has been published in the Official Journal of the EU. This introduces a common tax residence certificate enabling investors to benefit from fast-track procedures to...

The CIOT’s briefing on the National Insurance Contributions (Secondary Class 1 Contributions) Bill includes the following observations:the increase in employers’ NICs extends the differential in the tax burden between those in employment and those...

HMRC have added new sections to their ‘Use Making Tax Digital for Income Tax’ guidance, to cover how to notify HMRC of changes in circumstances after having signed up for Making Tax Digital for Income Tax. Most changes can be reported through...

The Lesbian, Gay, Bisexual and Transgender Financial Recognition Scheme (Income Tax Exemption) Regulations, SI 2025/12, ensure that payments made by the Ministry of Defence to those who were wrongfully dismissed, discharged or forced to resign...

The CIOT has published detailed comments on the Finance Bill 2025 non-doms legislation, covering in particular the FIG regime, the temporary repatriation facility and inheritance tax. Highlights include:proposed changes widening what constitutes a...

HMRC reported last week that 5.4m taxpayers were still to file their self-assessment returns and pay any tax due by the 31 January deadline. The press release mentions late-filing and late-payment penalties, but does not include a link to guidance on...

With the rate of late-payment interest to increase in April 2025, the CIOT is urging the UK Government to re-introduce rules enabling HMRC to waive interest on underpaid VAT where no actual tax loss has occurred.The CIOT has again highlighted a...

The CIOT reports that HMRC are sending ‘one-to-many’ emails to selected small VAT-registered charities, to raise awareness around the obligation to complete business/non-business apportionment calculations. Many smaller charities are not aware they...

The Customs (Safety and Security Procedures) Regulations, SI 2025/20, represent a key administrative part of the new customs checks which will be required for goods brought into Great Britain from the EU from 31 January 2025 onwards. The then UK...

The Co-Chairs of the Inclusive Framework on BEPS (IF) have issued a progress update on Pillar One.On Amount A (allocation of taxing rights), the update recaps work leading to the revised multilateral convention text for adoption, and confirms the...