Government consults on options to reform tax administration

The government has published a call for evidence on HMRC’s enquiry and assessment powers, penalties, and safeguards. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an activity to your […]

HMRC consults on guidance for R&D tax reliefs

HMRC has published draft guidance for consultation on R&D tax reliefs for overseas expenditure and contracted-out R&D. If this article is supporting your professional development, it can count towards your verifiable CPD hours. Use the pop up at the bottom right corner of your screen to add reading this article as an activity to your […]

HMRC consults on draft making tax digital regulations

ICAEW’s Tax Faculty is seeking feedback on draft regulations and notices on MTD ITSA. The faculty has highlighted four key points for members to consider. Following the announcement on making tax digital income tax self assessment (MTD ITSA) at Autumn Statement 2023, HMRC has published revised draft regulations and notices for a short technical consultation.  The […]

OECD consults on definition of permanent establishment

The OECD seeks to provide clarity on what constitutes a permanent establishment for activities in connection with the exploration or exploitation of extractible natural resources. The most significant feature of the proposed additions to the OECD’s model tax convention commentary is a lower threshold for when a permanent establishment (PE) is deemed to be created […]

HMRC consults on draft legislation on retained EU VAT law

The draft legislation and explanatory note clarify how VAT and excise law should be interpreted after changes made by the Retained EU Law (Revocation and Reform) Act 2023. The government has published draft legislation in relation to retained EU law for VAT and excise ahead of potential inclusion in the next finance bill. The legislation […]

HMRC consults on changes to plastic packaging tax

The consultation explores the application of a mass balance approach to determine the amount of chemically recycled plastic in plastic packaging. Plastic packaging tax (PPT) is not charged on plastic packaging components that contain at least 30% recycled plastic. In theory, chemically recycled material can contribute to meeting this 30% requirement. In practice, the way […]

HMRC consults on voluntary standard for customs intermediaries

The government’s proposal aims to improve the quality of service provided across the customs intermediary sector. On 5 June 2023, HMRC published a consultation on the introduction of a voluntary standard for customs intermediaries.  The consultation seeks views on:  the objectives and format of a voluntary standard; how a voluntary standard could be designed and […]

Revenue Scotland consults on changes to ADS

The 6% additional dwelling supplement (ADS) is charged on buying an additional residential property (dwelling) in Scotland. Revenue Scotland is consulting on changes to the rules, which will affect timelines, inherited property, small shares, divorce or separation, joint buyers, economic units, and local authorities. The ADS is an additional charge, added to any land and […]

HMT consults on single R&D tax relief scheme

An eight-week consultation has been launched following the Autumn Statement announcement of a simplified, single RDEC-like scheme. On 13 January, HM Treasury launched a consultation on the design of a potential single research and development (R&D) scheme. The single scheme would be based on the current R&D expenditure credit (RDEC) scheme, which is currently aimed […]