老司机午夜福利

The CIOT has published its comments on the HMRC draft guidance on Research and Development (R&D) tax reliefs.

On 27 February 2023, details of the Windsor Framework were revealed. The Framework aims to address issues with the application of the Northern Ireland Protocol, including trade friction.

27 February 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC鈥檚 Stakeholder Digest (23 February 2023) provides a round-up of recent news and updates.

HMRC has released its Stamp Taxes Newsletter for February 2023

HMRC has published revised advisory fuel rates for company cars which will apply from 1 March 2023.

HMRC has published its updated list of yearly average and spot foreign exchange rates for the year to 31 December 2022.

In News Corp UK & Ireland Ltd v HMRC, the Supreme Court unanimously dismissed the taxpayer's appeal, holding that the 'always speaking' principle of statutory interpretation had to be applied narrowly given the constraints of EU law. The relevant 'genus of facts' should therefore be viewed as covering only physical versions of newspapers involving the medium of print and no connectivity requirement. As such, digital editions of newspapers did not fall within that categorisation. As well as outlining the key aspects of this decision, this LNB news piece also contains the thoughts of Adam Craggs, tax partner at RPC and Giles Salmond, head of indirect tax at Eversheds Sutherland.

The UK government has confirmed its intention to press ahead with the various registers of company ownership, on the basis that the UK registers adhere to the privacy requirements of the European Convention on Human Rights.

The CIOT has reported that HMRC has recently launched a One to Many letter campaign relating to claims for research and development (R&D) tax relief.

HMRC has published Agent Update issue 105 (15 February 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

The Scottish Government are consulting on proposed changes to the Additional Dwelling Supplement.

The Stamp Duty Land Tax (Temporary Relief) Bill received Royal Assent on 8 February 2023.

HMRC has published the outcome and summary of responses to the consultation on an online sales tax (OST). The Government has decided not to proceed with such a tax.

The CIOT urges the Government to review 鈥渦nfair鈥� repayment interest rates, with taxpayers facing late payment bills from HMRC up to 17 times higher than what is returned to those who have overpaid.

HMRC has published a new manual on its Litigation and Settlement Strategy.

The CIOT has responded to the OECD consultations on Pillar Two 鈥� GloBE Information Return and Tax Certainty for the GloBE Rules.

6 February 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has published new guidance on reportable cross-border arrangements under the Mandatory Disclosure Rules (MDR).

HMRC is increasing the late payment rate of interest to 6.5%, and the repayment interest rate to 3% from 21 February 2023. Interest on quarterly instalment payments of corporation tax is also increased from 13 February 2023.