NEWS

The Institute for Fiscal Studies has generally welcomed the new governments fiscal lock saying it is broadly sensible but largely performative.Following last weeks Kings Speech, the Budget...

The EU Council has expressed concerns over the latest draft terms of reference for a UN framework convention on international tax cooperation.In a position paper dated 5 July, the EU Council says the revised draft fails to take into account its...

The OECD has published new information concerning the International Compliance Assurance Programme (ICAP), a voluntary risk assessment and assurance programme to facilitate open and co-operative multilateral engagements between MNEs and tax...

In a visit to HMRCs Stratford office last week, James Murray MP, the new Exchequer Secretary to the Treasury (XST), set out his top three priorities for the department over the next five years.The first priority is, unsurprisingly, bringing in...

HMRCs Wealthy team are issuing one to many letters to individuals registered as being a Person of Significant Control of a limited company. These are individuals who hold more than 25% of the shares or voting rights in a company, have the...

New guidance on the publication of Upper Tribunal (Tax and Chancery) decisions has been issued by the President of the Upper Tribunal, Mrs Justice Bacon DBE.One key change is that refusal decisions issued post oral renewal applications...

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

His Majesty King Charles III has delivered the first King's Speech to Parliament in more than 70 years. Economic growth was said to be the governments central focus, with Prime Minister Keir Starmer saying that the package of new bills would...

The Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (Amendments to Schedule 5) Regulations, SI 2024/791, extend the three-year ‘replacement of main residence’ exception and refund period for higher rates residential...

HMRC have published form P1000 online for the first time, it having previously only been available on request from HMRC. The form is used to advise HMRC of the personal representatives on a death and also to authorise someone to act for them, rather...