NEWS

HMRC have published a new template for the recording of supporting information for VAT refund claims under the DIY housebuilder scheme. The template is linked through from HMRCs existing guidance notes on the DIY builders refund scheme,...

The Treasury’s consultation on improving the effectiveness of the UK’s anti-money laundering rules (SI 2017/692) runs until 9 June 2024. In the meantime, the Treasury has added details of several virtual events to its main consultation web page,...

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

Tax Journal is delighted to support a 'Shakespeare in London' walk in aid of two tax charities, TaxAid and Tax Help for Older People.

Shadow Chancellor, Rachel Reeves, has pledged that, should Labour form the next government, it will crack down on tax dodgers to reduce the tax gap and direct the resulting extra 5bn a year in public funds to the NHS and schools....

HMRC have issued new Directions for the electronic delivery of additional information and amendments to corporation tax returns, both in relation to claims for the creative industry tax reliefs. The Directions specify the following:additional...

HMRC have updated the 2024/25 version of its CWG2 employer guide to PAYE and NICs to note the following:tax-free lump sums over £30,000 paid to employees who cannot work due to disability, injury or ill health no longer need to be reported to HMRC...

The Welsh Government is consulting until 19 May 2024 on proposals to abolish land transaction tax multiple dwellings relief (MDR) in Wales, following the equivalent change in England with the removal of SDLT MDR from 1 June 2024.The change would have...

The FT reports that the current UK Culture Secretary (Lucy Frazer) is lobbying the Treasury to change the gift aid rules to encourage charitable giving in the UK. According to the report, proposals could include streamlining the gift aid process, so...

HMRC have published the following new guidance which explains in straightforward terms how the individual lump sum allowance and lump sum death benefit allowance work from 6 April 2024, following abolition of the lifetime allowance:Find out the rules...