Tax news in brief 27 September 2023
Highlights from the broader tax news for the week ending 27 September 2023, including: student loan deductions and payrolled benefits; enhancements to HMRC’s use of
Tax checks for licence renewals expanding to Scotland and NI
Tax checks are needed before renewing certain licences on or after 2 October 2023. In Scotland this applies to licences to drive taxis and private
HMRC updates guidance on charging company electric cars
HMRC accepts that no taxable benefit arises where an employer reimburses their employee for the cost of charging a company-owned, wholly electric car that is
ICAEW and other bodies request action on tax simplification
Meaningful tax simplification requires a clear plan, focused resource, accountability, and investment, say the professional bodies. On 5 April 2023, ICAEW together with the Chartered
HMRC asks VAT businesses to prove UK establishment
Businesses registered for VAT at a high-volume address will be asked by HMRC to prove they are established in the UK. Online marketplaces have been
ICAEW welcomes HMRC proposals on Terminal Markets Order
The Terminal Markets Order needs updating, but ICAEW questions why the proposed simplification doesn’t go further. HMRC’s consultation on reforming the Terminal Markets Order (TMO)
ICAEW comments on decarbonising UK energy production
In its response to a consultation on the UK’s oil and gas fiscal regime, ICAEW stressed the dangers of overreliance on oil and gas to
Action required by those holding certificates of tax deposit
Certificates need to be used by 23 November 2023. The value on HMRC’s books is £89m. The deadline for using a certificate of tax deposit