The CIOT has expressed concern that proposals to introduce a merged R&D scheme by April 2024 are over ambitious, and...

HMRC have published “Analyses of Corporation Tax receipts and liabilities” 2023. These show total CT receipts rising from £64.5 billion...

HMRC have recently updated their COTAX Manual. The most recent changes are: COM129000 – Repayments & Reallocations: When to contact...

SI 2023/983 was made on 7 September 2023 and comes into force on 1 October 2023. “These Regulations further amend...

The ICAEW has reported that HMRC are writing to companies and agents that have submitted claims that are not supported...

HMRC have recently updated their COTAX Manual. The most recent changes are: COM 50081 – Claims / reliefs: loss and...

The Upper Tribunal has dismissed an appeal against a decision that the substantial shareholder exemption (SSE) was not available on...

HMRC have updated List 3, which gives details of professional membership fees for which a tax deduction may (subject to...

As previously reported HMRC have advised the CIOT that the online g-form process for requesting details of available overlap relief...

HMRC have updated their Business Income Manual at BIM56810 (“Financial traders – instruments and shares: introduction”). The section considers whether...

HMRC have requested (via the CIOT) volunteers to test the the Single Trade Window. HMRC’s message reads as follows: “When...

HMRC provide guidance on “How changes and issues may affect the way you should file your Company Tax Return”. The...

The CIOT reports that HMRC have launched a One to Many letter campaign to “a population of small business and...

HMRC have advised the CIOT that the online g-form process for requesting details of available overlap relief will now be...

The CIOT reports that HMRC have launched a One to Many letter campaign to overseas companies owning non-residential property in...

HMRC have updated their guidance: “Working sheets for 2021 to 2022 and 2022 to 2023 have been added and Welsh...

Earlier this year (27 April 2023), HMRC launched a consultation on reform of the CIS (see our news item here)....

HMRC publish detailed guidance on how to complete form CT600. This guidance has been updated as follows: Information about the...

HMRC have published new guidance on directions under SI 2003/282, reg. 3 and 10. The regulations are the Income and...

A company has lost its appeal to the Upper Tribunal, which confirmed that there was an unallowable purpose for the...

HMRC have published guidance on “how to report profit on your Self Assessment tax return from 2023 to 2024 if...

HMRC have updated their guidance Tell HMRC that you’re planning to claim Research and Development (R&D) tax relief. “The guidance...

HMRC have published an online tool to “help you check if you can claim super-deduction or special rate first year...

HMRC have added links to live CIS webinars for contractors and subcontractors. https://www.gov.uk/guidance/help-and-support-for-the-construction-industry-scheme Related content from Claritax Books Construction Industry...

The government announced on 26 July 2023 the creation of England’s second investment zone, adding: “An initial £10 million investment...

HMRC have updated List 3, which gives details of professional membership fees for which a tax deduction may (subject to...

HMRC have published an online tool “to help you work out the balancing charge when you dispose of or sell,...

The regulations update references to the forms used in the administration of insurance premium tax. https://www.legislation.gov.uk/uksi/2023/827/contents/made Related content from Claritax...

HMRC provide guidance and examples “to help you if you are a contractor or sub-contractor within the Construction Industry Scheme”....

SI 2023/813 comes into force on 8 August 2023. CTA 2009, s. 1142A imposes a requirement for a company to...

HMRC have published details of amendments to the REIT regime. According to the description given, “the objective of this measure...

HMRC have announced details of “technical clarifications of the relief rules, including what is eligible for relief”. The reliefs in...

HMRC have announced details about extending the scope of tonnage tax to include elections into the regime by third party...

HMRC have published details of administrative changes for “companies claiming tax relief for films, high-end TV, animated TV, children’s TV,...

The government announced on 14 July the creation of this first investment zone, adding: “At Spring Budget, the Chancellor announced...

The ICAEW is calling for the CIS gross payment status VAT compliance test to be dropped, on the basis that...

The ICAEW reports that a new online form will be available from later this year, making it easier for unincorporated...

HMRC have updated the following sections of the Corporate Finance Manual: Interest restriction: tax-interest: tax-interest expense and income amounts Interest...