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The EU Council has placed Anguilla, The Bahamas and the Turks and Caicos Islands on the EU list of non-cooperative jurisdictions for tax purposes (Annex I) over concerns that these jurisdictions, which all have a zero or nominal only rate of corporate income tax, are attracting profits without real economic activity and have not adequately addressed recommendations of the OECD Forum on Harmful Tax Practices which they committed to earlier this year. This increases the number of jurisdictions on the so-called blacklist to 12. The others are: American Samoa, Fiji, Guam, Palau, Panama, Samoa, Trinidad and Tobago, US Virgin Islands, Vanuatu. Turks and Caicos Islands is now listed for the first time. The Bahamas was already once listed in 2018, and Anguilla once in 2020.

HMRC has published a reminder that businesses will no longer be able to use their existing VAT online account to submit VAT returns from 1 November 2022

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 updated its import, export and customs guidance to reflect the post-Brexit regime. The update covers the period from 26 September 2022 to 3 October 2022.

Regulations are expected to be laid in time to ensure the exemption continues past 1 January 2023 when it otherwise had been due to expire.

Chancellor Kwasi Kwarteng announced that the Government is reversing the plan to scrap the 45p income tax on individuals earning more than £150,000 a year.

HMRC has updated its guidance on What will happen if you do not pay your tax bill.

HMRC has updated VAT notice 700/24 to clarify that where there is no extra charge for delivery, the full sales price accounts for VAT.

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 has published pension schemes newsletter 143.

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

HMRC has published new guidance on how to add a team member to a business tax account and give them access to a tax, duty or scheme.

HMRC’s Stakeholder Digest (28 September 2022) provides a round-up of recent news.

The Wales Finance minister has announced that the LTT nil rate threshold will increase to £225,000 and there will be an increase in some rates from 10 October 2022.

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.

The ATT has responded to various of the Chancellor’s announcements in the Growth Plan unveiled on 23 September 2022, including in relation to the change to IR35.

HMRC has updated VAT Notice 701/19 to include information about the VAT reverse charge measures for wholesale gas and electricity, and construction services and more detail about supplies of hydrogen gas.

HMRC has confirmed that a large number of taxpayers who have reclaimed tax payments using the repayment agent Tax Credits Ltd since December 2021 will be due a direct refund from HMRC.

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.