NEWS

HMRC have published new guidance on checking whether a trust must be registered on the Trust Registration Service, setting out the circumstances in which a trust must register and where exemptions from the requirement apply. It also recaps the time...

HMRC’s proposed International Controlled Transactions Schedule (ICTS) will significantly increase compliance requirements for UK businesses, according to Blick Rothenberg. From accounting periods beginning on or after 1 January 2027, in-scope...

40% of Gen Zs wish they had learnt the basics of tax when they were younger, according to a survey commissioned by HMRC. The findings come as HMRC encourage young people taking on summer jobs to download its app to help manage their tax affairs. Last...

HMRC have added Buckingham Administration Co. Ltd, incorporated in Belize, to the current list of named tax avoidance schemes, promoters, enablers and suppliers. The entry concerns Nova Trust arrangements; HMRC say contributions are not allowable...

HMRC have published a special agent update focused on the first MTD quarterly update. Clients in MTD for Income Tax for 2026/27 must send the first quarterly update by 7 August 2026. HMRC stress that it is not a tax return and does not need...

HMRC have published the fourth edition of their Making Tax Digital for Income Tax software developer newsletter. The update highlights API lifecycle changes, urging developers to migrate from retiring API versions ahead of their withdrawal in October...

HMRC have updated their guidance on reporting Pillar Two top-up taxes and published Notice 3 on the submission of returns. Notice 3 contains tertiary legislation with force of law and sets out requirements for Pillar Two self-assessment returns,...

The CIOT has written to HMRC about the application of reg 20A of the Income Tax (Construction Industry Scheme) Regulations, SI 2005/2045, which is intended to remove most payments made by landlords to tenants from the scope of the Construction...

HMRC have published a new Capital versus Revenue expenditure toolkit, setting out risks, mitigations and checks for identifying whether business expenditure should be treated as capital or revenue for tax purposes. The toolkit, published on Gov.uk on...

HMRC have published a suite of new guidance on various administrative aspects of SDLT, including the following: Penalties and interest on a late Stamp Duty Land Tax return; Apply for a refund of Stamp Duty Land Tax; Tell HMRC about changes to your...