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HMRC has responded to the CIOT’s comments on the draft Finance Bill 2023-24 legislation on ‘Dealing with promoters of tax avoidance’.

Scottish government ministers have announced that the Scottish Budget will be presented to Parliament on 19 December 2023.

The SCTS requests parties who want to take oral evidence from witnesses located outside the UK to follow guidelines when doing so.

HMRC has published new basic guidelines on revised procedural requirements for tax agents claiming certain repayments of tax (in nominee capacity) from February 2024.

HMRC has launched a consultation on draft regulations which will introduce interest charges on the late payment of Electronic Sales Suppression penalties.

HM Treasury (HMT) has published the government’s response to its February 2023 consultation on a future financial services regulatory regime for cryptoassets. The government has confirmed its final proposals for cryptoasset regulation in the UK, including its intention to bring a number of cryptoasset activities into the regulatory perimeter for financial services for the first time. HMT has also published the government’s response to its consultation on managing the failure of systemic digital settlement asset (including stablecoin) firms by applying a modified Financial Market Infrastructure Special Administration Regime (FMI SAR) to such firms, and an update on the government’s policy concerning the regulation of fiat-backed stablecoins.

The CIOT has responded to the House of Lords Economic Affairs Finance Bill Sub-Committee call for evidence on four areas covered by the draft legislation for the next Finance Bill.

The CIOT has responded to the HMRC consultation: Plastic Packaging Tax – chemical recycling and adoption of a mass balance approach.

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.

30 October 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

These Regulations make amendments and provide for a modification to ITEPA 2003, Sch 1, Pt 10 to provide that the Scottish carer support payment is a social security benefit chargeable to income tax and that no liability to income tax arises on certain other social security benefits specified in the Regulations.

The Economic Crime and Corporate Transparency Act 2023 has received Royal Assent.

HMRC is extending the deadline for accounting for VAT on the sale of second-hand cars in Northern Ireland from 31 October 2023 to 30 April 2024.

HMRC has published pension schemes newsletter 153.

HMRC has updated its guidance to add information about issues affecting Research and Development expenditure credit (RDEC) claims.

HMRC has published a new factsheet which provides information on the use of third party information notices for promoters of tax avoidance schemes (POTAS).

23 October 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

Nigel Huddleston, MP, Minister for International Trade, and HE Juan Carlos Mathews, Minister of Foreign Trade and Tourism of Peru, met in Lima on 13 October 2023 and agreed on the importance of completing negotiations for a tax treaty that would provide certainty for businesses and encourage economic investment and competitiveness.

HMRC have amended the online form

HMRC has published a new policy paper: Interpretation of VAT and excise law.