NEWS

The May 2024 newsletter covers various subjects including the following:Transitional tax-free amount certificates: HMRC have published a tool for pension scheme members to check if they can apply for a transitional tax-free amount certificate from...

Tax Journal thanks its authors for May (click on links below to view author profiles):Ross Birkbeck - The post-election (anti-avoidance) enforcement landscapeVictoria Braid - Individual DPAsHelen Buchanan and Sarah Bond - A Kwik decision from the...

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

In the early days of the general election campaign, the political parties have made several pledges on tax, although headroom for more than minor changes would appear to be limited, as the IFS notes in a recent report on public finances and the...

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...