NEWS

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...

The Van Benefit and Car and Van Fuel Benefit Order, SI 2024/1349 sets out the following cash equivalent amounts with effect from 6 April 2025 (increasing each in line with inflation):car fuel benefit multiplier: £28,200;van benefit flat-rate amount:...

HMRC have issued a briefing document confirming that, from 23 December 2024, individuals who wish to claim tax relief for employment expenses will be able submit their claims and evidence using a new online iForm.The online form replaces the postal...

The Companies and Limited Liability Partnerships (Protection and Disclosure of Information and Consequential Amendments) Regulations, SI 2024/1377 extend the circumstances in which individuals can apply to have their usual residential address (URA)...

Revenue and Customs Brief 3 (2024) clarifies the basic VAT treatment of cladding remediation works carried out by developers to residential buildings. Usually, VAT is incurred at the standard rate on goods and services purchased to complete such...