ÀÏ˾»úÎçÒ¹¸£Àû

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

Details of updates to HMRC import, export and customs guidance for the period from 31 July 2023 to 7 Aug 2023.

HMRC is increasing the late-payment interest rate to 7.75% and the repayment rate to 4.25% from 22 August 2023. Interest on quarterly instalment payments of corporation tax is also increased from 14 August 2023.

HMRC has updated its guidance on the VAT late-payment interest regime that came into force on 1 January 2023, to add a new section on when taxpayers can object to late-payment interest.

The government has launched England’s second Investment Zone in Liverpool focused on life sciences.

The Treasury Committee calls for a systematic review into the cost of over a thousand tax reliefs which complicate the tax system and are open to abuse.

This call for evidence seeks views on the evolving context of oil and gas production and how the design of the long term fiscal regime has an impact on the activity of the sector.

HMRC has published a new guidance page on how to report profit on the Self Assessment tax return for 2023-24 if the self-employed or partnership business accounting year does not end on or between 31 March to 5 April.

Weekly roundup of HMRC import, export and customs guidance: 31 July 2023

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

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

HMRC’s Stakeholder Digest (27 July 2023) confirms the end of the concessionary treatment of assignments of the right to receive tax repayments.

HMRC has updated its guidance on working out the balancing charge when a plant or machinery is sold or disposed by a company after claiming allowances for them.

The Luxembourg Parliament approved for ratification the double tax convention between Luxembourg and the UK which was signed on 7 June 2022.

Details of updates to HMRC import, export and customs guidance for the period from 17 July 2023 to 24 July 2023.

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

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

The UKEB has confirmed the adoption of amendments to IAS 12 International Tax Reform: Pillar Two Model Rules which was issued by the IASB in May 2023.

HMRC has published a new guidance page on how employees can claim a tax refund for negative earnings.

The Order brings into effect the first-time comprehensive Double Taxation Convention between the UK and San Marino which was signed on 17 May 2023.