NEWS

The Finance (No. 2) Act 2024 has now been published....

The Institute for Fiscal Studies has urged Labour to ‘implement a comprehensive and lasting reform which could rationalise, simplify and make fairer the current system of pension taxation whilst also raising revenue in the medium term’. But in the...

HMRC have updated their SDLT guidance notes to reflect the abolition of multiple dwellings relief for transactions which complete (or are substantially performed) on or after 1 June 2024.Multiple dwellings relief was available for transactions...

The Value Added Tax (Refund of Tax to Museums and Galleries) (Amendment) Order, SI 2024/720, update the list of eligible institutions which can recover VAT (under VATA 1994 s 33A) attributable to the provision of free admission to museums and...

HMRC have updated the following two VAT notices to extend the time limit to 40 working days in which taxpayers can expect to receive a reply from HMRC:Cancelling your VAT registration (VAT Notice 700/11): previously quoted 30 days;Group and...

A new online service for repayment or remission claims and overpayment claims for declarations made in the Customs Declaration Service has been added to How to claim a repayment of import duty and VAT if you've overpaid and Claim repayment or...

Following the latest meeting of the Inclusive Framework on BEPS in Paris last week, the OECD report that the Inclusive Framework on BEPS is nearing completion of the negotiations on a final package on Pillar One (which includes a text of the...

The European Commission has published an initiative explaining that it will undertake an evaluation of the Anti-Tax Avoidance Directive (ATAD), which sets out minimum standard rules to address the most common forms of aggressive tax planning and tax...

US taxpayers living and working outside the US have until 17 June to file their 2023 federal income tax return and pay any amount due, the IRS has warned. This automatic extension applies to US citizens and resident aliens abroad, including those...

Fiji and Moldova have joined the OECD/G20 Inclusive Framework on BEPS. Both countries have also committed to addressing the tax challenges arising from the digitalisation of the economy by participating in the Two-Pillar solution to reform the...