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Revenue Scotland has decided to remove the 12-month authority to act time limit to provide a more efficient service to taxpayers and agents.From 19 March 2023, the limit for all...
Anti-money launderingHMRC has updated its guidance on helping to prevent money laundering and terrorist financing for a trust or company service provider. It now reflects the...
The deferral of making tax digital for income tax self-assessment (MTD ITSA) will cost the exchequer more than £1.75bn for the financial years up to and including 2027-28,...
The government wishes to extend the self-employed cash basis so that as many businesses as possible are able to use it.It has published a consultation document which proposes the...
The chancellor confirmed that from 1 April 2023, the main rate of corporation tax will be 25% with a small profits rate of 19%.On capital allowances, the government will introduce...
The chancellor announced that the annual allowance will rise from £40,000 to £60,000. The money purchase annual allowance and the minimum tapered annual allowance (TAA)...
The Treasury and HMRC acted quickly to put the Covid-19 employment support schemes in place, but were too slow to target more accurately support to those in genuine need, and...
Finance Bill The Spring Finance Bill 2023 will be published on 23 March. tinyurl.com/qsparlsfb23 Energy-saving materials HMRC has updated VAT Notice 708/6: Energy-saving materials...
The chancellor must explain why he believes the Office of Tax Simplification (OTS) should be abolished, says the House of Commons’ Treasury Committee.The MPs are asking the...
HMRC’s has contacted a small number of companies in relation to their super-deduction claims. The tax authority has told the CIOT that it has sent two different letters, one...
An early day motion (EDM 927) on the loan charge has been tabled by MPs calling for a resolution and also an investigation into the loan charge and the way it has been handled, as...
Leisure services supplied by local authorities to members of the public can now be treated as non-business activities for VAT purposes, HMRC has confirmed. Previously, local...
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