NEWS

The sunset dates for the EIS and VCT were extended by FA 2024 to 5 April 2035 from a date to be appointed. The Commission's approval for the extension is required under the Windsor Framework and this has now been granted as it has decided to raise no...

HMRC have published guidance on applying for refunds of higher rates of SDLT. The guidance covers applications for a refund of the higher rates of SDLT for additional properties if the taxpayer sold what was previously their main home. To qualify, a...

The CIOT has published its response to the consultation on the draft legislation to abolish the furnished holiday lettings (FHL) tax regime.The key points raised in the response include:clarification is needed on the policy intent regarding the tax...

The minutes of HMRC’s Capital Taxes Liaison Group of 9 April have now been published. The minutes included details on the following points: Extra Statutory Concession (ESC) D32: HMRC will engage with interested stakeholders to update the guidance....

HMRC have published new guidance setting out the process of cancelling or making changes to a VAT One-Stop Shop (OSS) registration. The VAT OSS scheme deals with VAT due on distance sales of goods from Northern Ireland to consumers in the EU. It...

UK and Ecuador government representatives signed a new double tax convention on 6 August 2024. This is the first double tax agreement between the two countries, and covers UK income tax, corporation tax and capital gains tax (and ‘identical or...

The government has tabled amendments to the Budget Responsibility Bill 2024-25 for consideration at the Bill's whole House of Commons Committee.The latest amendments to the Budget Responsibility Bill include:the Office for Budget Responsibility (OBR)...

The Privacy Notice updates include: ‘How we use your information’: HMRC routinely examine and obtain business records, which can contain personal data such as employee and customer data; ‘Artificial Intelligence, analytics and machine learning’: HMRC...

The General Anti-Abuse Rule (GAAR) Advisory Panel is recruiting a new Chair responsible for leading the work of the Panel. This is a paid role with a three-year term for normally around two days a month, depending on the number of cases under...

HMRC have clarified how it will assess qualifying income for a tax year for the purposes of entry into Making Tax Digital for Income Tax Self-Assessment.In its guidance note, Check if you'll need to sign up for Making Tax Digital for Income...