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The chancellor announced legislation at the Budget to render void assignments of income tax repayments, ie remove a taxpayer’s ability to legally assign to a third party...
The government is consulting on the scope of agricultural property relief.Some tax advisers and other stakeholders have raised concerns that the current scope of this relief is a...
HMRC has published VAT guidance for overseas sellers, with a new translation aimed at Chinese retailers that sell goods online into the UK.The guidance has been translated into...
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...
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