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The OTS has published a report on the income tax rules for residential property income, exploring the common complexities, issues, and concerns facing taxpayers.

HMRC has launched a new service allowing HMRC online gForms to be viewed in full before completion.

31 October 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC’s Stakeholder Digest (27 October 2022) provides a round-up of recent news.

HMRC has informed the CIOT that it is launching a new campaign in November 2022 to tackle non-compliance linked to offshore corporates owning UK property.

HMRC has updated its guidance with information on how to apply for advance assurance for all venture capital schemes except Social Investment Tax Relief using the new online form.

The Chancellor has announced that the economic statement which was due on 31 October 2022 will now take place on 17 November 2022.

Rishi Sunak has taken office as the UK’s next Prime Minister following Liz Truss’s resignation.

17 October 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

Chancellor Jeremy Hunt has announced a reset of government fiscal policy, reversing ‘almost all the tax measures’ from the mini-Budget.

HMRC’s Stakeholder Digest (14 October 2022) provides a round-up of recent news.

Writing to the Treasury Committee, the Chancellor has announced his intention to deliver his medium-term fiscal plan on 31 October, rather than 23 November.

These Regulations revise the land transaction tax bands and rates for residential property transactions from 10 October 2022.

Many UK businesses will be released from reporting requirements and other regulations in the future due to a change in the UK definition of ‘SME’.

HMRC has published a new GAAR Advisory Panel opinion on Stamp Duty Land Tax arrangements in relation to the sale and purchase of a residential property, involving an alternative finance agreement and a lease agreement.

HMRC has published a reminder that businesses will no longer be able to use their existing VAT online account to submit VAT returns from 1 November 2022

The Treasury Committee tweeted that the Chancellor has agreed to bring forward the date of the next fiscal event, originally scheduled to take place on 23 November, to some time in October. However, the Chancellor himself seemed to dispute this, noting in an interview that the Medium-Term Fiscal Plan will take place on 23 November.

Regulations are expected to be laid in time to ensure the exemption continues past 1 January 2023 when it otherwise had been due to expire.

HMRC has updated its guidance on What will happen if you do not pay your tax bill.

3 October 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.UK