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The CIOT has responded to the HMRC consultation: Plastic Packaging Tax – chemical recycling and adoption of a mass balance approach.

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.

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

These Regulations make amendments and provide for a modification to ITEPA 2003, Sch 1, Pt 10 to provide that the Scottish carer support payment is a social security benefit chargeable to income tax and that no liability to income tax arises on certain other social security benefits specified in the Regulations.

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

HMRC is extending the deadline for accounting for VAT on the sale of second-hand cars in Northern Ireland from 31 October 2023 to 30 April 2024.

HMRC has published pension schemes newsletter 153.

HMRC has updated its guidance to add information about issues affecting Research and Development expenditure credit (RDEC) claims.

HMRC has published a new factsheet which provides information on the use of third party information notices for promoters of tax avoidance schemes (POTAS).

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

Nigel Huddleston, MP, Minister for International Trade, and HE Juan Carlos Mathews, Minister of Foreign Trade and Tourism of Peru, met in Lima on 13 October 2023 and agreed on the importance of completing negotiations for a tax treaty that would provide certainty for businesses and encourage economic investment and competitiveness.

HMRC have amended the online form

HMRC has published a new policy paper: Interpretation of VAT and excise law.

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

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.

The DAC8 directive was adopted by member states in the Council by unanimity.

HMRC has updated its VAT notice on motoring expenses to add information on VAT rules when business sells a second-hand vehicle in Northern Ireland that is purchased in Great Britain.

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.

HMRC has revised its Directions for the electronic delivery of information relating to R&D claims, to allow submission by email in certain cases.

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