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NEWS

Recent developments in tax.

The Courts and Tribunals Judiciary has announced that the E-filing pilot scheme went live in the Administrative Court Office on 1 October 2024.This is the external element of CE-File, the online system that allows court users to file claims and...
The Home Office has published new guidance on the information sharing measures in the Economic Crime and Corporate Transparency Act 2023. The guidance is aimed at regulated businesses under the Anti-Money Laundering Regulations, ‘to provide greater...
Over 16,700 individuals disclosed tax evasion or tax avoidance to HMRC in 2022/23, up from 13,820 disclosures in the previous tax year, according to HMRC data seen by Accountancy Group UHY Hacker Young.While some of this increase could be explained...
This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.  
A recent YouGov online poll commissioned by Kingsley Napley shows that a majority of the British public (64%) favour raising the £325,000 IHT threshold and that there continues to be strong opposition (69% of the public) to increasing the current 40%...
Prime Minister Sir Keir Starmer and Education Secretary Bridget Phillipson have confirmed the government’s intention to replace the existing apprenticeship levy with a new growth and skills levy, which will include new foundation apprenticeships. The...
Various media outlets have been reporting a potential rethink of the non-dom proposals ahead of the new Governments first Budget on 30 October 2024, with the Financial Times quoting a government official suggesting that, while...
The Scottish government is consulting on the introduction of a new building safety levy in Scotland an additional charge on new residential property development to be paid by housebuilders. Revenue raised by the levy would provide a further...
HMRC have announced that regulations are to be issued which will allow certain fractional shares to be held in an Individual Savings Account. HMRC’s Tax-free Savings Newsletter 13 (September 2024) confirms that regulations are expected ‘in coming...
Form VAT126, which is used by organisations not registered for VAT to claim refunds, has been updated so it can now be completed digitally for first claims.Consequently VAT Notice 998 (VAT Refund Scheme for museums and galleries) and VAT Notice...
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