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HMRC has published new basic guidelines on revised procedural requirements for tax agents claiming certain repayments of tax (in nominee capacity) from February 2024.

HM Treasury (HMT) has published the government’s response to its February 2023 consultation on a future financial services regulatory regime for cryptoassets. The government has confirmed its final proposals for cryptoasset regulation in the UK, including its intention to bring a number of cryptoasset activities into the regulatory perimeter for financial services for the first time. HMT has also published the government’s response to its consultation on managing the failure of systemic digital settlement asset (including stablecoin) firms by applying a modified Financial Market Infrastructure Special Administration Regime (FMI SAR) to such firms, and an update on the government’s policy concerning the regulation of fiat-backed stablecoins.

The CIOT has responded to the House of Lords Economic Affairs Finance Bill Sub-Committee call for evidence on four areas covered by the draft legislation for the next Finance Bill.

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

The Economic Crime and Corporate Transparency Act 2023 has received Royal Assent.

HMRC has published pension schemes newsletter 153.

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

HMRC have amended the online form

HMRC has updated its terms and conditions and guidance for the double taxation treaty passport scheme.

HMRC has published Agent Update issue 113 (18 October 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

Representatives from the CIOT have met HMRC to discuss the issue of remittances of loan monies secured against collateral representing foreign income or gains.

HMRC has confirmed its interpretation that only whole shares (rather than fractions of shares) can be held in an ISA.

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

The CIOT has made an Autumn Statement 2023 representation on Cryptoassets and their treatment for tax purposes.

10 October 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 for agents and individuals on the McCloud public service pensions remedy.

HMRC has formally authorised the online submission of information setting out how an individual’s tax position has changed as a result of the public service pension schemes remedy.

This Order provides for relief from land and buildings transaction tax in designated Scottish green freeport tax sites.

Spotlight 63 highlights an avoidance scheme marketed to landlords which claims to bypass the restrictions on mortgage interest relief, reduce taxable profits from the property business and reduce CGT and IHT. HMRC is clear that the scheme is not effective.

A new Practice Direction requires documents to be submitted to the Upper Tribunal electronically via the Tribunal’s CE-File secure online portal.