Specialist Tax Regulatory Materials
3 February 2025 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Simple assessmentsFrom 2016/17 onwards, HMRC has the power to make a 鈥榮imple assessment鈥� of the taxpayer鈥檚 income tax and / or capital gains tax liability outside of the self assessment system. As HMRC already receives significant amounts of information on the income received and tax paid by
Parking provision and expensesCar parking facilities at or near to the employee鈥檚 workplaceThere is an exemption from tax and NIC where an employer provides parking, or pays for or reimburses an employee for the costs associated with car parking at or near the place of work; there are no reporting
VAT registration 鈥� artificial separation of business activities (disaggregation)This guidance note should be read in conjunction with the VAT registration 鈥� compulsory guidance note and is relevant to persons established or resident in the UK. Persons that are not established or resident in the UK
