Consultation tracker

This tracker shows the current status of, and developments on, consultations (both formal and informal) conducted by the UK government (and other bodies) that have an impact on taxation.

What’s new

Common Reporting Standard

HMRC’s consultation on the draft of The International Tax Compliance (Amendment) Regulations 2025.

The draft regulations set out further details of:

a mandatory registration requirement for financial institutions;
the conditions for non-profit organisations to be taken out of scope;
revised penalties for failing to comply with the regulations and the appeals process; and
penalties for failure to provide a valid self-certification.

Closes 10 January 2025.

Cryptoassets

HMRC’s consultation on the draft of The Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025.

The draft regulations set out further details of:

reporting and due diligence requirements for reportable cryptoasset service providers (RCASPs) to comply with the CARF;
penalties for failing to comply with the regulations and appeals...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this article in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

This tracker shows the current status of, and developments on, consultations (both formal and informal) conducted by the UK government (and other bodies) that have an impact on taxation.

What’s new

Common Reporting Standard

HMRC’s consultation on the draft of The International Tax Compliance (Amendment) Regulations 2025.

The draft regulations set out further details of:

a mandatory registration requirement for financial institutions;
the conditions for non-profit organisations to be taken out of scope;
revised penalties for failing to comply with the regulations and the appeals process; and
penalties for failure to provide a valid self-certification.

Closes 10 January 2025.

Cryptoassets

HMRC’s consultation on the draft of The Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025.

The draft regulations set out further details of:

reporting and due diligence requirements for reportable cryptoasset service providers (RCASPs) to comply with the CARF;
penalties for failing to comply with the regulations and appeals...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes: