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HMRC has launched a technical consultation for the proposed new Income Tax (Digital Requirements) (Amendment) Regulations 2024 and associated notices. The consultation closes on 12 January 2024

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

These regulations update the list of high-risk third countries in respect of which the regulated sector needs to apply enhanced due diligence.

HMRC has updated its guidance on applying for a repayment of tax on taxpayer’s savings interest using form R40.

HMRC’s latest Digest (1 December 2023) provides short updates on various topics, including Making Tax Digital for Income Tax for Self Assessment (MTD for ITSA), changes for goods moving from the island of Ireland to Great Britain, compliance guidelines for the reformed IR35 and umbrella companies, and an overview of the OECD Pillar 2 Reform of the International Tax Framework.

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

HMRC has published pension schemes newsletter 154.

Finance Bill 2024 was published on 29 November 2023.

HMRC has published guidance on voluntarily disclosing unpaid tax on income and gains from cryptoassets.

HMRC is withdrawing postal application forms for three certificates of coverage from 1 December 2023. They have been replaced by digital versions. In addition, HMRC recently updated the process for customers who only live or work in the UK and need to prove they are subject to UK social security legislation.

HMRC has updated its guidance on how to register a charity for tax, taxpayer’s obligations, and any reliefs or exemptions available.

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

Tax announcements at Autumn Statement must be given legal effect through a Finance Bill, which is introduced by Ways and Means Resolutions, which must be approved by the House of Commons. These were published on 22 November 2023 but have not yet been passed.

The Norwegian government has published the synthesized text of the OECD base erosion and profit-shifting multilateral instrument (MLI) and the 2013 Norway-UK income and capital gains tax treaty.

The government has published the National Insurance Contributions (Reduction in Rates) Bill on 23 November 2023.

Autumn Statement 2023 provided a full package of tax measures, many of which had been pre-announced. New items included cuts to both employee and self-employed NICs and permanent ‘full expensing’ for companies.

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

HMRC has updated its guidance on late filing penalties, late payment penalties and interest charges.

The CIOT has sent a proactive submission to HMRC on residential property developer tax (RPDT) just and reasonable apportionment and other uncertainties.

These Regulations are the first commencement regulations made under the Economic Crime and Corporate Transparency Act 2023.