NEWS

HMRC have issued new guidance on how to cancel an economic crime (anti-money laundering) levy registration where there is no longer liability to the levy – for example, where the business no longer carries on regulated activities or where it falls...

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

In her first speech to the Labour Party conference as Chancellor, Rachel Reeves pledged no return to austerity. The Autumn Budget will be a Budget with real ambition which keeps our manifesto commitments....

HMRC have issued the following new guidance notes covering registration for corporation tax in various scenarios:Register for corporation tax through a dependent agent permanent establishment: guidance for non-UK resident companies trading in the UK...

Revenues from the energy profits levy (EPL) continue on a downward trend, according to recent data from the Office for National Statistics. EPL receipts were £2.6bn in the financial year to 31 March 2023 (HMRC statistics), but RSM reports that...

HMRC have published a new online form which taxpayers can use to submit evidence of personal details in response to a request by HMRC. The accompanying guidance also sets out what forms of ID are acceptable....

Following on from comments in a similar vein from the ATT last week, the CIOT has released its response to the UK Government proposal to remove private school fees from the VAT exemption, agreeing that delaying implementation to the start of the...

The Welsh Government has launched a consultation on a proposal to withdraw charitable non-domestic rates relief from private schools with effect from 1 April 2025 (mirroring the proposed withdrawal of relief in England). The accompanying press...

The Inclusive Framework on BEPS has published a new multilateral convention (MLC) to facilitate the implementation of the Pillar Two Subject to Tax Rule (STTR). As at 19 September 2024, the MLC had been signed by nine jurisdictions, and remained open...

The OECD Inclusive Framework on BEPS has published a compilation of 2024 peer review reports on country-by-country (CbC) reporting. This is the seventh annual peer review for the BEPS Action 13 minimum standard, covering 138 jurisdictions.Key...