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HMRC has updated its guidance on registering trusts as a trustee or an agent to include the information required to register trusts if the settlor is deceased.

HMRC has updated its capital gains tax (CGT) for trusts and estates supplementary toolkit and its VAT input tax toolkit.

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

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 16 June 2022 to increase the bank base rate from 1% to 1.25%.

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

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

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

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

The CIOT has shared an HMRC briefing on share sale proceeds where disposal figures declared on taxpayer’s Self-Assessment returns don’t match those declared by the purchasing company.

HMRC has published new factsheet CC/FS57 on the Human Rights Act and DOTAS penalties.

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

Opening the 2022–23 Parliamentary session on 10 May 2022, the Queen's Speech set out the UK Government's legislative priorities including the following:

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 5 May 2022 to increase the bank base rate from 0.75% to 1%.

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

HMRC has published detailed guidance explaining how to fill in form IHT100 to inform HMRC about chargeable events when inheritance tax (IHT) is payable on a trust or gift. The guidance provides: step-by-step instructions explaining how to complete each section of form IHT100; information on when to use form IHT100; which values should be included when valuing assets, and the steps to take once all forms have been completed. There is also an important note signposting to the changes made in 2006 to the way IHT is charged which mainly affected the taxation of trusts and alternatively secured pension funds.

The First-tier Tribunal (FTT) has published guidance on taking oral evidence from abroad.

HMRC has launched a consultation seeking views on legislative proposals to extend an existing concession that removes trusts and estates from Income Tax where the only source of income is savings interest and the tax liability is below £100. Trustees and personal representatives with experience of low-income trusts and estates are called to respond. The consultation closes at 11:45pm on 18 July 2022.

HMRC has published the April 2022 edition of the HMRC Trusts and Estates Newsletter.

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

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