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Jun 21, 2023 | 
taxjournal.com | Paul Aplin OBE |Dan Neidle |Helen McGhee |Elliot Weston
Home >Articles > Making Tax Digital: lessons from the NAO report
Making Tax Digital: lessons from the NAO report
21 June 2023
Hindsight is a wonderful thing but where MTD is concerned, it is not too late to learn from what the recent NAO report reveals, writes Paul Aplin OBE.
Headline news
The NAO report on MTD for ITSA released on Monday 12 June will have made uncomfortable reading for HMRC.
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Jun 21, 2023 | 
taxjournal.com | Sean Wright |Dan Neidle |Helen McGhee |Elliot Weston
Home >Articles > Withholding tax: Hargreave-ances
Withholding tax: Hargreave-ances
21 June 2023
Deepesh Upadhyay and Sean Wright (Eversheds Sutherland) review the Upper Tribunal’s decision in Hargreaves which considers withholding tax and interest payments.
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Jun 20, 2023 | 
taxjournal.com | Helen McGhee |Elliot Weston |Adam Parry |Andrew Parkes
Home >Articles > New draft guidance on multinational top-up tax
New draft guidance on multinational top-up tax
20 June 2023
HMRC has issued new draft guidance on the multinational and domestic top-up taxes (introduced in Finance (No 2) Bill 2023 Parts 3 and 4).
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Jun 20, 2023 | 
taxjournal.com | Helen McGhee |Elliot Weston |Adam Parry |Andrew Parkes
Home >Articles > P Jinks v HMRC
P Jinks v HMRC
20 June 2023
FTT jurisdiction and strike-out.
In P Jinks v HMRC [2023] UKFTT 431 (TC) (17 May 2023), the FTT agreed with HMRC that the FTT has no jurisdiction to decide any of the appellant's grounds of appeal and therefore struck out his appeal. The FTT has no general jurisdiction to decide...
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Jun 20, 2023 | 
taxjournal.com | Helen McGhee |Elliot Weston |Adam Parry |Andrew Parkes
Home >Articles > HMRC launches international tax consultation
HMRC launches international tax consultation
20 June 2023
As part of the proposed reforms announced on Tax Administration and Maintenance Day 2023, the UK government is now consulting on potential changes to the UK legislation on transfer pricing, permanent establishments and diverted profits tax.
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Jun 20, 2023 | 
taxjournal.com | Helen McGhee |Elliot Weston |Adam Parry |Andrew Parkes
Home >Articles > HMRC contacts taxpayers named in Pandora Papers
HMRC contacts taxpayers named in Pandora Papers
20 June 2023
HMRC is in the process of contacting UK residents whose details were included in the files of 14 offshore financial service providers which specialise in the use of structures in low or zero-tax jurisdictions. This is part of HMRC’s action in response to the Pandora Papers release of records by the International Consortium of Investigative Journalists.
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Jun 20, 2023 | 
taxjournal.com | Helen McGhee |Elliot Weston |Adam Parry |Andrew Parkes
Home >Articles > Employer Bulletin: June 2023 Employer Bulletin: June 2023 20 June 2023 HMRC’s bulletin rounds up a wide range of general guidance and deadline reminders for employers, including: Reporting of expenses and benefits: HMRC emphasises the importance of recording diesel company cars correctly, to ensure that cars subject to the 4% diesel supplement are not inadvertently recorded as compliant with the Euro 6d standard, which would result in an underpayment of tax and Class 1A NICs....
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Jun 20, 2023 | 
taxjournal.com | Helen McGhee |Elliot Weston |Adam Parry |Andrew Parkes
In a new report, the cross-party House of Commons Treasury Committee has again questioned the government’s decision to abolish the Office of Tax Simplification.
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Jun 20, 2023 | 
taxjournal.com | Helen McGhee |Elliot Weston |Adam Parry |Andrew Parkes
Home >Articles > Hughes Property Partners Ltd v HMRC
Hughes Property Partners Ltd v HMRC
20 June 2023
Late filing penalties re ATED return.
In Hughes Property Partners Ltd v HMRC [2023] UKFTT 453 (TC) (25 May 2023), the FTT dismissed the taxpayer’s appeal against late filing penalties charged under FA 2009 Sch 55 for filing of an ATED return eight months late. In August 2020, the...
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Jun 20, 2023 | 
taxjournal.com | Helen McGhee |Elliot Weston |Adam Parry |Andrew Parkes
Home >Articles > OECD launches two-pillar support network
OECD launches two-pillar support network
20 June 2023
The OECD Forum on Tax Administration (FTA) has launched a new peer-to-peer network to help support developing countries in their implementation of Pillars One and Two. The FTA Pillar Knowledge Sharing Network held its first virtual meeting on 13 June 2023, focusing on how tax officials are preparing for implementation of Pillar Two.
