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Spotlight 63 highlights an avoidance scheme marketed to landlords which claims to bypass the restrictions on mortgage interest relief, reduce taxable profits from the property business and reduce CGT and IHT. HMRC is clear that the scheme is not effective.

A new Practice Direction requires documents to be submitted to the Upper Tribunal electronically via the Tribunal’s CE-File secure online portal.

3 October 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

The CIOT has responded to the Treasury consultation: ‘Reforming anti-money laundering and counter-terrorism financing supervision’.

HMRC has issued a new toolkit intended to help advisers consider whether clients who have used the remittance basis have made taxable remittances.

The Government has announced that the War Widow (er)s Recognition payment of £87,500 will be exempt from income tax and National Insurance Contributions

HMRC has updated its guidance to explain what deposit holders need to do before the Certificate of Tax Deposit (CTD) Scheme closes on 23 November 2023.

25 September 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has published Agent Update issue 112 (20 September 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

Pensions (Extension of Automatic Enrolment) Act 2023

The CIOT has commented on the draft Finance Bill 2024 legislation on abolishing the pensions lifetime allowance.

19 September 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

These Regulations enable payments to be made to the holders of insurance policies whose entitlements have been reduced following the issuing of a ‘write-down order’ without incurring tax charges.

HMRC has published new guidance on its internal procedures for deciding how tax disputes should be resolved, depending on the particular circumstances of a dispute and how much tax is at stake.

The government is to legislate to preserve the current 0% stamp duty/SDRT (stamp tax) charge on the issue (and on exempt capital-raising transfers) of UK shares and securities to a depositary or a clearance service operator or their nominees.

The CIOT has commented on the draft Finance Bill 2024 legislation which will introduce additional information reporting requirements for businesses.

The CIOT has commented on the draft Finance Bill 2024 legislation which introduces a new strict liability criminal offence for a person who, without reasonable excuse, fails to comply with a stop notice issued by HMRC requiring them to stop promoting a tax avoidance scheme.

11 September 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has launched its online form for requesting details of overlap profits for the purpose of basis period reform.

HMRC has updated its guidance on reportable cross-border arrangements under the Mandatory Disclosure Rules (MDR).