NEWS

A new IFS report provides an assessment of the UK government’s record on tax from 2010 to 2024. Key findings include: direct taxes have been increased on high-income individuals but cut on low and middle earners; more revenue is now being raised...

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

The Conservative Party has pledged a triple lock plus for UK pensioners. Under the proposals, pensioners would benefit from a future increased personal tax allowance, rather than the current allowance which is due to remain frozen until...

Information requests between HMRC and foreigntaxauthoritiesfor information on UK taxpayers are at their highest level in at least seven years in 2023/24, according to data obtained by Price Bailey.The data released under the Freedom...

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...