Tax news in brief 25 January 2023

Highlights from the broader tax news for the week ending 25 January 2023, including: Scottish Green Freeports; and HMRC guidance on penalty charges for trusts. Scottish Green Freeports announced Inverness and Cromarty Firth Green Freeport and Forth Green Freeport have been jointly selected by the Scottish and UK governments to become Scotland’s first Green Freeports. […]

Tax news in brief 18 January 2023

Highlights from the broader tax news for the week ending 18 January 2023, including: Finance Act Royal Assent; Agent Maintainer Team; ATED revaluations; changes to HMRC statistics publications; and administration of Scottish income tax. Finance Act 2023 The Finance Act received Royal Assent on 10 January 2023. This enacts some of the changes to rates, […]

Tax news in brief 11 January 2023

Highlights from the broader tax news for the week ending 11 January 2023, including: import VAT declaration issue; and form to make a till system disclosure. Import VAT issue for declarations made on 30 December 2022 HMRC has updated its guidance to notify businesses of a possible issue with the monthly postponed import VAT statement […]

Premium bond winners in January 2023 – what were the luckiest regions in 2022?

Two lucky premium bond holders have started 2023 by becoming millionaires in January’s NS&I prize draw. This month, jackpot winners are from South Yorkshire and Wiltshire, both receiving the top prize of £1m. In addition, 56 other winners were picked for the next-best prize of £100,000. This is the first draw since NS&I announced it […]

HMRC restricts use of ADL in January

HMRC is asking agents to use the agent dedicated line only for complex self assessment queries during January 2023. ICAEW is disappointed with this decision. HMRC has emailed agents to explain that from 1 to 31 January 2023 the agent dedicated line (ADL) will only answer “complex” self assessment questions, but there is no explanation […]