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The Forum of Heads of Tax Crime Investigation has welcomed the launch of a new edition of the global reference guide setting out the ten core requirements for jurisdictions to be able to effectively tackle tax crime.

HMRC has updated its guidance with information about the changes to the CJRS from 1 July 2021 and claims for furlough days in June 2021.

HMRC has published Agent Update issue 85 (June 2021) providing a round-up of recent developments for tax agents and advisers.

Responding to HMRC’s consultation on raising standards in the tax advice market, the Law Society supports the principle of mandatory professional indemnity insurance (PII) for anyone who provides tax advice, so long as the new regime does not create additional burdens for regulated professionals who are already subject to minimum PII requirements.

The Law Society has responded to HMRC’s consultation seeking views on ways to help taxpayers get their offshore tax right first time. The Society agrees that the use of offshore data to inform HMRC’s communications and prompts to taxpayers, and particularly to agents, could promote compliance but advises caution where data is incomplete or misleading.

HMRC has updated its factsheet on notices of binding and bound arrangements opinion notices under the general anti-abuse rule (GAAR), particularly to cover the deadline by which corrective action should be taken and the subsequent ‘closed period’ during which no GAAR-related adjustments may be made.

HMRC is reminding working parents that they can use the Tax-Free childcare top-up to help pay for their childcare costs over the summer.

HMRC has updated it guidance on the Conditional Exemption Tax incentive scheme to deal with variations to the scheme arising from issues related to the coronavirus (COVID-19) pandemic.

HMRC has published the synthesised text of the UK’s double taxation treaty with Albania, as modified by the BEPS Multilateral Instrument (MLI).

These Regulations are supplementary to the legislation in Finance Act 2021 that provides for a temporary extension to the trading loss carry back rules from 12 months to three years for companies and unincorporated businesses.

HMRC has published Spotlight 58 – tax avoidance arrangement attempting to avoid corporation tax, income tax and National Insurance contributions (NICs) by using unfunded pension arrangements.

14 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has updated its guidance to section 1.10 to say how CIS payments and deductions should be reported to HMRC for individual traders and partnerships.

Finance Act 2021

HMRC has published its bi-monthly magazine providing the latest information on payroll-related topics for employers and agents.

The Office of Tax Simplification (OTS) has published a document setting out the scope of a new high-level exploration of the benefits, costs and wider implications of changing the date of the end of the tax year for individuals and will publish a further report over the Summer of 2021.

7 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

G7 Finance Ministers strike agreement on global tax reform that will mean the largest multinational tech giants will pay their fair share of tax in the countries in which they operate.

The OECD has published the public comments received on proposed changes to commentaries in the OECD Model Tax Convention on Article 9 and related articles.

The Government has responded to the House of Commons Treasury Committee’s report ‘Tax after Coronavirus’, published in March 2021.