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 […]

Tax news in brief 21 December 2022

Highlights from the broader tax news for the week ending 21 December 2022, including: Spring Budget date announcement; the Scottish budget 2023-24; marginal relief calculator; spotting payroll company fraud; alcohol duty freeze extension; and taxation of transferred basic life assurance and general annuity business. Date announced for Spring Budget 2023 In a written ministerial statement […]