The Office of Tax Simplification (OTS) has published its report on possible changes to simplify the taxation of savings and investment income.
HMRC has published the following:
HMRC has published a report on the second wave of its annual survey of mid-size businesses (those with a turnover of £10m or more and/or more than 20 employees).
The government’s new crypto-assets taskforce met for the first time on 21 May, attended by representatives of HM Treasury, the FCA and the Bank of England.
HMRC has published revised advisory fuel rates for company cars, applying from 1 June 2018. 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 travel.
From April 2019, the Welsh government will be able to vary the rates of income tax payable by Welsh taxpayers.
Incoming CIOT president, Ray McCann, has used his inaugural speech to emphasise the importance of maintaining high professional standards.
HMRC has issued a summary of the changes between its 2017/18 and 2018/19 guidance notes for financial institutions on returns of interest they are required to make under HMRC’s data gathering powers in FA 2011 Sch 23. HMRC publishes separate guidance for the two types of return: