NEWS

The OECD has published a new report, MNE Business Functions and Corporate Taxation, which looks at the responses of large multinationals to taxation policy, by assessing their global allocation of business functions (e.g. manufacturing, sales,...

Kenya has deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the BEPS Multilateral Instrument). The Instrument will enter into force on 1 May...

The Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) Order, SI 2025/17, provides that arrangements for qualifying cryptoasset staking do not amount to a collective investment scheme for the purposes of Financial...

The CIOT has issued new guidance for members who need to help clients make disclosures to HMRC. The guidelines also set out a helpful list of current disclosure options....

New guidance:Simplified Process for Internal Market Movements (SPIMM) and UK Carrier (UKC) Scheme: CDS Declaration and Customs Clearance Request Instructions: this is a new suite of guidance on the simplified process for internal market movements...

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

John-Paul Marks is to take over as HMRCFirst Permanent Secretary and ChiefExecutive when Jim Harra retires in Spring2025. Mr Marks is currently PermanentSecretary to the Scottish Government....

HMRC have confirmed to the CIOT that they have decided not to appeal the FTT decisions on contracted-out and subsidised R&D in Collins Construction Ltd v HMRC [2024] UK FTT 951 (TC) and Stage One Creative Services v HMRC [2024] UKFTT 1059 (TC). Those...

HMRC have issued new guidance on claiming refunds of overpaid PAYE for the current or a previous tax year. The guidance advises businesses to first work out why they overpaid, before making a refund claim using the online service or by post. HMRC...

HMRC have published new guidance summarising the reporting rules for digital platform operators which came into force in the UK on 1 January 2024, and highlighting that the first reports are due by 31 January 2025. The guidance also covers basic...