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HMRC has updated its various guidance on trust registration for trusts registered before 17 October 2022.

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

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.

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.

HMRC has published a new factsheet CC/FS71 Compliance checks: information notices on penalties for facilitating avoidance schemes involving non-resident promoters.

The CIOT has responded to the Finance Bill 2022-23 draft legislation on capital gains tax: transfers of assets between spouses and civil partners in the process of separating; new transfer pricing documentation requirements for UK businesses; and low earners anomaly: pensions relief relating to net pay arrangements.

HMRC has published a new GAAR Advisory Panel opinion on the extraction of cash (or equivalent) using trust interests, limited liability partnership and the novation of loans.

HM Treasury has fully indemnified the Bank of England's intervention to restore orderly markets.

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

The Chancellor of the Exchequer delivered a fiscal statement to the House of Commons, outlining cuts to income tax, reversal of the NIC increases, scrapping of the planned increase in corporation tax, permanent £1m annual investment allowance, unwinding of the 2017 and 2021 off-payroll working rules changes, and cuts to SDLT.

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

The CIOT has responded to the HMRC consultation on raising standards in tax advice: protecting customers claiming tax repayments.

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

HMRC has published additional guidance on the requirement to correct offshore tax non-compliance. The additional guidance supplements the original guidance published in November 2017.

HMRC has published several guidance pages relating to HMRC online services for agents.

5 September 2022 - 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 and published new guidance with information on what needs to be done if a trust wants to start a new business relationship with an organisation that is defined as a relevant person.

HMRC has published new guidance detailing how to report a trust discrepancy and how to submit a trust data request to HMRC to get trust information.

HMRC has updated its guidance for trustees and agents with information on penalties due to late registration or failure to register.

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