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 […]

Salary advances draft legislation may not work

Draft secondary legislation to simplify PAYE RTI reporting of salary advances needs amending if it is to work as intended where payments are made by third parties rather than by employers. HMRC intends to simplify the PAYE RTI reporting of salary advances so they are reported with the remainder of that salary. This is regardless […]

Legislation Day 2023: R&D and pensions

While a lot of the material published on 18 July was expected, there were some surprise announcements including planned administrative changes to the high income child benefit charge. Legislation day is designed to provide a longer period for consultation on draft legislation for potential inclusion in the next Finance Bill. Most measures have been subject […]

UK international tax legislation to be reformed

The UK government is seeking views on reforming the UK rules on transfer pricing, permanent establishments, and diverted profits tax. HMRC has issued a consultation that will run for eight weeks to 14 August 2023. The aim is to simplify the existing rules and promote certainty by aligning domestic law with the OECD Model and […]