NEWS

The All-Party Parliamentary Loan Charge & Taxpayer Fairness Group (APPG) has called for the establishment of an independent taxpayer advocate service (TAS) in the UK, similar to the model established in the US and as discussed with HMRC in a meeting...

New data obtained by the Contentious Tax Group shows increasing rates of success for challenges to HMRC decisions using the HMRC internal review process. Although the picture varies considerably across the five departments which make up HMRCs...

The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations, SI 2024/1158, extend the application of the transitional arrangements under Parts 2 and 3 of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations, SI 2019/589, by a...

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

The Government published the Finance Bill on 7 November 2024. With 84 substantive clauses and 13 Schedules, running to 272 pages, a large portion of the Bill is devoted to the replacement of the remittance basis for non-domiciled individuals. Part 2...

The Finance Act 2021 (Schedule 26 Second Penalty Assessments) (Appointed Day: Regulation Making Power) Regulations, SI 2024/1132, bring FA 2021 Sch 26 into force on 12 November 2024, but only for the purposes of making regulations under para 16(2) of...

HMRC have published new Guidelines for Compliance for employers reporting their Apprenticeship Levy liability and claiming Employment Allowance. Help with the Apprenticeship Levy and Employment Allowance connected entities GfC10 is...

HMRC have published new Guidelines for Compliance Help with Patent Box computations GfC9 for qualifying companies who have elected into the patent box tax regime. The guidelines include recommended information to include with a patent box...

HMRC have revised their guidance on using the basis period reform calculator to work out transition profit. On 31 October 2024, the guidance had been updated to advise that the transition profit calculator could not be used if the business was a...

HMRC have updated their guidance on making a disclosure of otherwise undisclosed income under the Let Property Campaign. Sections 1 and 2 of the guidance have been revised to provide further detail around who is affected by the campaign and how to...