NEWS

HMRC have published revised advisory fuel rates from 1 June 2024. The rates are to be used only where employers either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private...

The Designation of Special Tax Sites (Forth Green Freeport) Regulations, SI 2024/671, designate four new special tax sites within the Forth Green Freeport in Scotland with effect from 12 June 2024. The various tax reliefs in special tax sites in...

HMRC have updated their recently published collection of VAT tertiary legislation to include a new section on Making Tax Digital for VAT. This covers the tertiary legislation originally published in VAT Notice 700/22....

Belarus has suspended provisions of many of its double taxation agreements. This action affects the 2017 UK-Belarus Double Taxation Convention together with DTCs Belarus had previously agreed with 26 other countries.The Belarus decision suspends...

Finance (No. 2) Act 2024 received royal assent on 24 May 2024. The King’s assent was notified in the House of Lords via the letters patent process at just after 20.30, together with assent to various other Bills which had made it through the wash-up...

The CIOT has written to all of the UK major political parties outlining the following seven tax administration points to be addressed by an incoming government.Resourcing HMRC to provide the level of service taxpayers need: noting that a...

It is worth noting the Cabinet Office general election guidance for civil servants which outlines (in Section J) what happens to consultations during a general election period.According to the guidance, new public consultations should not be launched...

The Institute for Fiscal Studies has published a new report on the fiscal challenges facing whichever party forms the next government after the 4 July 2024 general election. With both main parties committing to reducing the national debt, and latest...

HMRC have published new factsheet CC/FS83: Compliance checks: corresponding with HMRC electronically focusing mainly on the use of email and Dropbox and the associated risks of both....

HMRCs latest Stakeholder Digest includes the following highlights:Updated HMRC Standard for Agents: although the layout has been revised, HMRC say that the Standard remains aligned with Professional Conduct in Relation to Taxation (PCRT) and...