NEWS

HMRC has revised its guidance on the construction industry scheme for businesses based outside the UK, to update the online registration process for non-resident limited companies to apply for gross payment status....

Pinsent Masons reports that HMRCs specialist compliance team dealing with IR35 investigations has 45 full-time staff, with access to additional resource where needed. The 2021 off-payroll working changes, which shifted the burden of applying...

The Institute for Fiscal Studies has produced a ‘comment’ section on potential reforms to IHT which could include removing some of the existing reliefs which, says the IFS, would ‘make the system fairer, and raise revenues that could be used to...

HMRC has updated its guidance on ordinary commuting and private travel to add a new section (at 3.39) with a basic example covering the situation where an employee takes up their employer’s offer of hybrid working and voluntarily works a number of...

HMRC Brief 5/2024 confirms that businesses can choose to apply the Tour Operator’s Margin Scheme (TOMS) to business-to-business wholesale supplies and that, by concession, tour operators can opt B2B wholesale supplies out of TOMS.HMRC says that this...

HMRC has added the Memorandum of Understanding between the UK and Isle of Man, on the article 25 arbitration procedure in unresolved disagreement cases involving double taxation, to its tax treaty pages. Article 25 (based on article 25 of the OECD...

The CIOT reports that HMRC is writing to those suspected of having undisclosed additional tax liabilities, with the letters copied to agents where it is aware the appropriate authorisation is in place. The letters (copies of which are linked to from...

HMRC has published a new collection of guidance on Making Tax Digital for Income Tax Self-Assessment, aimed at those who sign up to MTD for ITSA on a voluntary basis for the tax year 2024/25.Designed to accompany the testing phase of MTD for ITSA,...

In the latest instalment of its collection of guidance on tax avoidance arrangements, HMRC’s Spotlight 64 highlights some of the risks for employment and recruitment agencies of engaging with umbrella companies – particularly where the umbrella...

The Fair Tax Foundation and CSR Europe have launched a ‘tax responsibility and transparency index’, a new tool MNEs can use to benchmark their approach to taxation against other organisations. The index rates businesses on their commitment to the...