NEWS

The Professional Conduct in Relation to Taxation (PCRT) group have welcomed the newly updated HMRC Standard for Agents that sets out HMRCs expectations of all tax agents and advisers in their dealings with HMRC.This collaborative effort...

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

Tax Journal understands that there is insider Westminster gossip which suggests that the chancellor may be considering changes to his proposals for the replacement of the remittance basis. Having initially been seen to be borrowing Labours...

HMRCs Employment Related Securities Bulletin 55 for May covers the following key items:Late ERS scheme registrations: a reminder that employers must register for a new employer-related security (ERS) scheme and submit an ERS return on or...

Responding to the Welsh government’s consultation on the proposed abolition of land transaction tax (LTT) multiple dwellings relief and extension of relief for acquisition of social housing to Welsh local authorities, the Stamp Taxes Practitioners...

HMRC have published a notice which explains how to register for Pillar Two top-up taxes in the UK (i.e. the domestic top-up tax and multinational top-up tax), the information required to complete such registrations and how to update HMRC with any...

The governments of the UK and Peru have issued a joint statement announcing that negotiations between the two countries on a new double taxation agreement have now concluded, with the agreement expected to be signed ‘in the coming months’. The text...

HMRC have added the synthesised version of the UK-Liechtenstein double taxation convention to their collection of tax treaties. This is a version of the 2012 agreement between the two countries as modified by the application of the BEPS Multilateral...

The Public Bill Committee finished its scrutiny of Finance (No 2) Bill in one, single 90-minute session on 21 May 2024. All of the following clauses were passed without amendment, meaning that the Bill will now be ‘reported back’ to the House of...

The estimated total tax contribution for the financial and related professional services industry was £110.2bn in 2023 (equivalent to 12.3% of total UK tax receipts), according to the first report of its kind for the sector, reports TheCityUK which...