Revenue Scotland has launched an enhanced support service for individuals who may need extra assistance when interacting with the department. This service provides for additional...
The second-hand motor vehicle payment scheme is being introduced on 1 May 2023 and will allow VAT-registered businesses to claim a VAT-related payment if they buy a second-hand...
The annual Administrative Burdens Advisory Board (ABAB) ‘Tell ABAB’ survey is now available for small businesses to complete. The survey provides crucial insight on the...
HMRC will increase the interest rate used to value the retained rights from discounted gift schemes to 6.75% from 4.5% with effect from 1 May 2023.This change applies to valuations...
The EU parliament has endorsed the first EU rules - Markets in Crypto-assets (MiCA) - to trace crypto-asset transfers, prevent money laundering, as well as common rules on...
VAT
The FA 2009 (VAT-related Payments) (Interest) (Appointed Day) Order SI 2023/385 appoints 1 May 2023 as the date on which late payment interest on sums due to HMRC and repayment...
The digital services tax was designed as an interim tax before the reforms to international tax rules to ensure that multinational enterprises pay a fair share of tax wherever they...
The single customer account is expected to be in place by June 2025, the government has confirmed in its March 2023 Treasury minutes. The document also reveals that the Treasury...
The Chartered Institute of Taxation’s Low Incomes Tax Reform Group (LITRG) has published a new report to help HMRC improve the way it provides guidance to taxpayers. The...
The amount invested in venture capital trusts (VCTs) in 2022-23 was £1.08bn, the second highest on record, according to figures from the Association of Investment Companies...
Between 17 April and 2 June, the agent dedicated line (ADL) will only answer calls relating to self-assessment late filling penalties and appeals and PAYE coding enquiries. The ADL...
Taxation is delighted to announce the shortlist for the 2023 Taxation Awards.Congratulations to all those included on the list and commiserations to those who didn’t make it...