NEWS

HMRCs Agent Update for August 2024 includes the following highlights:HMRC have recently released an updated version of its customer brief outlining the basis on which it is prepared to settle open Franked Investment Income Group Litigation...

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

The August 2024 edition of HMRCs Employer Bulletin includes the following highlights:default cash basis for unincorporated businesses: a reminder that the cash basis becomes the default method of accounting for 2024/25 (self-assessment tax...

HMRC have published new guidance setting out the process of cancelling or making changes to a VAT One-stop Shop (OSS) registration. The VAT OSS scheme deals with VAT due on distance sales of goods from Northern Ireland to consumers in the EU. It...

The Italian government has announced that the substitute tax on foreign income and gains of individuals who transfer their tax residence to Italy is to be doubled to 200,000. Similar to the position in the UK, individuals who are...

The ATT reports on a common question raised by its members: how many clients they can reasonably ask HMRC call handlers to deal with in a single call. HMRC had previously said (in a response on an Agent Forum thread) that call handlers can spend no...

The ATT suggests that the new requirement for employers to report detailed employee working hours data to HMRC may now not begin until April 2026 at the earliest, rather than from April 2025 as originally intended. The ATT says that, because of the...

HMRC have updated their guidance, What will happen if you do not pay your tax bill, to add a section on how to complain about a debt collection agency which HMRC have engaged to recover a payment. Complaints can be made either through...

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

HMRC have revised their guidance on the requirement for large businesses to publish a tax strategy, to clarify that the turnover and balance sheet test for UK companies, and the multinational enterprise (MNE) turnover test, are mutually exclusive....