½Û×ÓÊÓƵ

12 February 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

The CIOT has responded to the Scottish Parliament’s Finance and Public Administration Committee call for views on the Aggregates Tax and Devolved Taxes Administration (Scotland) Bill.

These Regulations amend the provisions of the VAT Import One Stop Shop (IOSS) and the VAT One Stop Shop (OSS) simplified accounting schemes.

This Order appoints 4 March 2024 as the day on which FA 2009, ss 101, 102 come into force for the purposes of electronic sales suppression penalties.

The CIOT has responded to the consultation on the draft legislation on The Land and Buildings Transaction Tax (Miscellaneous Amendments) (Scotland) Order 2024.

Finance Bill 2024 has cleared all House of Commons stages and will next move to the House of Lords. The Lords version of the Bill is now available.

HMRC has updated its recently published pension schemes newsletter.

HMRC has published the rates and thresholds for employers for 2024-25.

These Regulations are the second appointed day Regulations made under FA 2021, s 95.

HMRC has published Employment Related Securities (ERS) Bulletin 54.

These Regulations provide greater flexibility for recipients of statutory paternity pay. They are part of a package of legislative changes to statutory rights to paternity leave and pay.

Details of updates to HMRC import, export and customs guidance for the period from 29 January 2024 to 5 February 2024

5 February 2024 - 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.

The synthesized text of the Multilateral Instrument and the 2013 UK-Norway Double Taxation Convention have been added to the HMRC tax treaties page.

HMRC has updated its VAT notice on installing energy-saving materials and grant-funded heating equipment.

Information has been added on paying voluntary National Insurance contributions if an individual has lived or paid social security contributions in an EU country, Iceland, Liechtenstein, Norway, Switzerland or Turkey.

HMRC’s latest Digest (30 January 2024) provides short updates on various topics, including an enforcement notice on misleading repayment agent adverts and changes to paternity leave and pay from 8 March 2024.

HMRC has launched a consultation on draft regulations to update existing regulations on the use of trade losses for corporation tax purposes in the event of transfers of business by building societies.

The OECD has released the Forum on Tax Administration's International Compliance Assurance Program (ICAP)’s first set of data for multilateral risk assessments of participating MNE groups, covering cases completed by October 2023. It reports that 40 percent of the groups had low-risk assessments regarding key transfer pricing risk areas.