NEWS

HMRC have issued new guidance for education providers on the implications of VAT registration, following the introduction of VAT on private school fees. This is basic guidance covering institutions which must register for VAT and provides examples...

The Budget Responsibility Act 2024 (Commencement) Regulations, SI 2024/1026, bring section 1 of the Budget Responsibility Act 2024 into force on 15 October 2024. Section 1 of the Act is the only substantive provision, and requires requiring the...

HMRC have confirmed to the Low Incomes Tax Reform Group (LITRG) that the 2023/24 tax return form on gov.uk can be downloaded, printed and submitted by the 31 October deadline for paper returns. This means those who prefer to file a paper tax return...

Digital transformation expert Mike Bracken, and tax specialist and former OTS Tax Director Bill Dodwell, have been appointed as non-executive directors to the Board of HMRC. ...

The five most common reasons for calls to HMRC’s self-assessment helpline can all be dealt with quickly online, say HMRC. HMRC’s press release provides background, but also links directly through to the relevant online guidance to address these top...

The Seafarers’ Wages Regulations, SI 2024/1015, set out the administrative detail of the requirement for operators of seagoing services which regularly use UK ports (i.e. at least 120 times a year) to provide a declaration that the seafarers onboard...

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

Simply raising the rates of CGT is not the right route to take to raise revenue for the Exchequer, says the Institute for Fiscal Studies, as it publishes a new research report co-authored with SenTax. Among the key findings identified...

HMRC have issued a new set of Directions which, with effect from 2 October 2024, set out approved methods for the electronic communication and authentication of various details for the following, all of which relate to R&D claims:R&D claim...

The Treasury has issued a draft version of the further set of regulations which will adjust the pensions lifetime allowance abolition legislation. HMRC’s Explanatory Memorandum to the draft regulations explains much of the detail, confirming that the...