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The OECD has published a new report highlighting the crucial role of tax transparency and the exchange of information (EOI) in helping African governments to stem illicit financial flows and increase domestic resource mobilisation.

HMRC has published the Australia-UK memorandum of understanding (MOU) on arbitration under Part VI of the Multilateral Instrument.

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

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

HMRC has updated its import, export and customs guidance to reflect the post Brexit regime. The update covers the period from 24 May 2021 to 31 May 2021.

Ofwat has launched a consultation seeking views on its proposals for how to treat tax impacts for green recovery expenditure. It has invited company views on the approach set out in its consultation document and whether respondents can reliably forecast tax impacts of green recovery expenditure, and if so, how much they anticipate saving. Submissions should be sent in by 12 pm on 9 June 2021.

The ATT has shared an update from HMRC that it will send letters in June to businesses who pay VAT by direct debit but for whom HMRC does not have an email address on record.

HMRC has updated its guidance with the inclusion of new sections on how employers can correct overclaims in their subsequent CJRS claim and new templates if they are putting more than 15 employees on furlough.

This Order brings into effect arrangements set out in a Protocol (the 2021 Protocol) made by the Government of the UK and the Government of the Federal Republic of Germany.

HMRC has published a new VAT Brief to explain HMRC’s response to the primary decision of the Upper Tribunal in the case of Colchester Institute Corporation v The Commissioners for HM Revenue and Customs

This Order provides that the ten specified securities are 'gilt-edged securities' and therefore gains on their disposal are not chargeable gains.

This Order brings into effect arrangements set out in a Protocol (the 2021 Protocol) made by the Government of the UK and the Government of the Kingdom of Sweden.

The Finance Bill was passed by the House of Commons at Report Stage on Monday 24 May, and will next be sent to the House of Lords for consideration.

HMRC has updated VAT Notice 701/14 with information in relation to the extension of the temporary reduced rate of VAT.

HMRC has published revised advisory fuel rates for company cars which apply from 1 June 2021.

The Foreign, Commonwealth & Development Office has announced that the first meeting between the Liaison Body and the Joint Coordinating Committee has taken place under the International Agreement on Taxation and the Protection of Financial Interests regarding Gibraltar between the UK and Spain. The meeting was held to talk about tax co-operation arrangements between the Spanish and Gibraltan authorities.

The OECD has published the stage 2 peer review monitoring reports for Estonia, Greece, Hungary, Iceland, Romania, the Slovak Republic, Slovenia and Turkey under the BEPS Action 14 minimum standard for the resolution of tax-related disputes.

HMRC has published a new VAT Brief to clarify that supplies of electric vehicle charging through charging points in public places are charged at the standard rate of VAT and to explain when input tax can be recovered for charging electric vehicles for business purposes.

HMRC has published new guidance setting out steps to calculate a worker’s statutory payment entitlement where the worker’s intermediary has received amounts net of income tax and Class 1 primary national insurance contributions (NICs) under the off-payroll working rules.

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