In brief: 9 May 2024

06 May 2024

Issue: 4935 / Categories: News

VAT

HMRC has published a manual containing the VAT tertiary legislation.

Making tax digital

The guidance on penalties for taxpayers who voluntarily join the making tax digital for income tax self-assessment service has been updated to confirm that where a time-to-pay arrangement is made within 15 days of the due date it will prevent a late payment penalty as long as the taxpayer upholds the agreement.

tinyurl.com/hmrcmtditsapppens

Compliance

The International Tax Compliance (Amendment) Regulations SI 2024/544 amend SI 2015/878 to give effect to arrangements reached between the UK and other jurisdictions in relation to international tax compliance.

tinyurl.com/si2024544

Corporation tax

The Mutual Societies (Transfers of Business) (Tax) (Amendment) Regulations SI 2024/555 amend SI 2009/2971 to reflect the provisions in CTA 2010 on the use of carried forward trade losses in the event of transfers of trade.

tinyurl.com/si2024555

Sporting exemption

The Major Sporting Events (Income Tax Exemption) (2024 UEFA Champions League Final) Regulations SI 2024/546 provide an exemption from UK...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.