NEWS

In a proactive submission, the CIOT is seeking clarification of HMRCs position on whether non-cumulative shares with a fixed-rate dividend would still be regarded as ordinary share capital for the purposes of ITA 2007 s 989.HMRCs...

Responding to HMRCs draft Finance Bill consultation on proposed abolition of the furnished holiday lettings tax regime, the ATT notes the reduction in complexity associated with fewer types of property rental businesses for tax purposes, but...

The ATT broadly supports the proposed removal of the remittance basis, welcoming the clarity and certainty for non-doms around moving more generally to the statutory residence test. Acknowledging that the proposed changes have not yet been set out in...

In its comments on the government’s proposal to remove private school fees from the VAT exemption, the ATT outlines its principal concern around timing, with VAT applied to fees paid from 29 July 2024 in respect of terms starting on or after 1...

The Value Added Tax (Caravans) Order, SI 2024/910, makes sure that supplies of caravans manufactured in line with the relevant British Standard qualify for zero rating. The SI is designed to streamline the process for qualifying caravans, rather than...

HMRC is consulting on further draft guidance on the multinational and domestic top-up taxes. This batch includes all previously released pages (some of which have been updated) together with newly added guidance. The consultation closes on 23 October...

The Courts and Tribunals Judiciary (CTJ) has published the Administrative Court Judicial Review Guide 2024. The guide covers all stages of a judicial review claim and ‘is required reading for all those who conduct judicial review cases (whether or...

In a Budget representation, the CIOT has outlined the often criticised differential between late-payment interest (charged by HMRC when the taxpayer is late) and repayment interest (paid by HMRC to the taxpayer, where the taxpayer overpays/pays...

HMRC have revised its guidance pages on the following, to update payment details that need to be used where payments are made to HMRC via bank transfer:Pay a penalty charge for not registering or maintaining a trust;Pay the Soft Drinks Industry Levy...

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