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Dec 3, 2024 | 
mondaq.com | Victoria Braid |Sophie Rhind
When HMRC rely on a taxpayer's carelessness to issue
assessments and penalties, they must show the taxpayer failed to
take reasonable care, but conflicting decisions have created
uncertainty about whether HMRC must also show that the carelessness
caused the tax loss. In Mainpay Ltd, HMRC maintained they
did not have to show a causal link between the carelessness and the
tax loss.
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Nov 27, 2024 | 
taxjournal.com | Victoria Braid |Heather Self |Andrew Park |Peter Vaines
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Oct 9, 2024 | 
taxjournal.com | Sophie Rhind |Victoria Braid |Andrew Marr |Chris Etherington
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May 29, 2024 | 
taxjournal.com | Stuart Pibworth |Jenny Doak |Victoria Braid |David Whiscombe
It is worth noting the Cabinet Office general election guidance for civil servants which outlines (in ) what happens to consultations during a general election period. According to the guidance, new public consultations should not be launched during the election period (unless there are exceptional circumstances, which seems unlikely for tax policy consultations).
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May 29, 2024 | 
taxjournal.com | Stuart Pibworth |Jenny Doak |Victoria Braid |David Whiscombe
In the early days of the general election campaign, the political parties have made several pledges on tax, although headroom for more than minor changes would appear to be limited, as the IFS notes in a recent report on public finances and the general election (see below).
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May 29, 2024 | a-2024-receives-royal-assent&sz=64)
taxjournal.com | Stuart Pibworth |Jenny Doak |Victoria Braid |David Whiscombe
Finance (No. 2) Act 2024 received royal assent on 24 May 2024. The King’s assent was notified in the House of Lords via the letters patent process at just after 20.30, together with assent to various other Bills which had made it through the wash-up process. Following the Prime Minister’s general election announcement on 22 May 2024, all Finance (No 2) Bill remaining stages in both Houses of Parliament were brought forward and completed before prorogation of Parliament on 24 May.
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May 29, 2024 | 
taxjournal.com | Stuart Pibworth |Jenny Doak |Victoria Braid |David Whiscombe
HMRC have published revised advisory fuel rates from 1 June 2024. The rates are to be used only where employers either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel. The changes in rates are not significant, with small increases to the petrol and diesel amounts (generally 1p in each band) while the LPG rates are unchanged from the previous quarter.
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May 29, 2024 | 
taxjournal.com | Stuart Pibworth |Jenny Doak |Victoria Braid |David Whiscombe
Belarus has suspended provisions of many of its double taxation agreements. This action affects the 2017 UK-Belarus Double Taxation Convention together with DTCs Belarus had previously agreed with 26 other countries. The Belarus decision suspends provisions relating to dividends, interest and capital gains with effect from 1 June 2024 and also introduces discriminatory taxes on dividends and other income in respect of businesses located in the UK with effect from 1 April 2024.
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May 29, 2024 | 
taxjournal.com | Stuart Pibworth |Jenny Doak |Victoria Braid |David Whiscombe
Home >Articles > Tax administration priorities for the next Parliament
Tax administration priorities for the next Parliament
29 May 2024
The CIOT has written to all of the UK major political parties outlining the following seven tax administration points to be addressed by an incoming government.
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May 29, 2024 | 
taxjournal.com | Stuart Pibworth |Jenny Doak |Victoria Braid |David Whiscombe
Home >Articles > New special tax sites designated
New special tax sites designated
29 May 2024
The Designation of Special Tax Sites (Forth Green Freeport) Regulations, SI 2024/671, designate four new special tax sites within the Forth Green Freeport in Scotland with effect from 12 June 2024.
