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Latest Trusts and Inheritance Tax News

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Publishing details of deliberate tax defaulters (PDDD1)

HMRC has updated the PDDD1 letter it sends out before publishing a taxpayer’s details following a deliberate inaccuracy penalty.

14 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Plea for new tax rules to fit with digital systems

The Association of Taxation Technicians (ATT) has called for tax policies and legislation to develop in parallel with any new digital systems to avoid placing more burdens on, or adding to the frustrations of, taxpayers.

14 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on managing a trust's details

HMRC has updated its guidance for trustees on authorising an agent to access the trust.

13 Jul 2021 18:30 | Published by a Tolley Trusts and Inheritance Tax expert

Trust Registration Service: Exclusion for certain Insurance policies with a surrender value

The CIOT has shared an update from HMRC clarifying the scope of the exclusions from the trust registration service on insurance policies with surrender values.

13 Jul 2021 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Weekly roundup of HMRC manual changes: 12 July 2021

12 July 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

12 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Legislation Day: Tuesday 20 July 2021

Draft legislation for the next Finance Bill will be published on Tuesday 20 July 2021.

08 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 5 July 2021

5 July 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

05 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

First Tier Tribunal (FTT) guidance update on PDF bundles and appeals

The First-Tier Tribunal (FTT) has updated its guidance on delivering PDF bundles for use in hearings in the Tax Chamber.

23 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 21 June 2021

21 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

21 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on applying for a SDLT refund

HMRC has updated its Stamp Duty Land Tax (SDLT) guidance to add information on checks, repayments and paying back amounts that are not due.

21 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

New OECD report on fighting tax crimes

The Forum of Heads of Tax Crime Investigation has welcomed the launch of a new edition of the global reference guide setting out the ten core requirements for jurisdictions to be able to effectively tackle tax crime.

18 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Capital taxation and tax-exempt heritage assets

HMRC has updated it guidance on the Conditional Exemption Tax incentive scheme to deal with variations to the scheme arising from issues related to the coronavirus (COVID-19) pandemic.

15 Jun 2021 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

Weekly roundup of HMRC manual changes: 14 June 2021

14 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

14 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Finance Act 2021 receives Royal Assent

Finance Act 2021

10 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Clamping down on promoters of tax avoidance: Law Society response

The Law Society has responded to HMRC’s consultation on a range of new measures to disrupt the business models relied on by promoters of tax avoidance.

08 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 31 May 2021

31 May 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

31 May 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 24 May 2021

24 May 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

24 May 2021 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on managing trust's details

HMRC has updated its guidance with information on the new requirements for a trust registered before 4 May 2021.

21 May 2021 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

HMRC Trusts and Estates Newsletter: May 2021

HMRC has published the May 2021 edition of the HMRC Trusts and Estates Newsletter.

21 May 2021 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

HMRC manual: Trust Registration Service Manual

HMRC has published a new specific manual dealing with the new trust registration requirements.

20 May 2021 00:00 | Published by a Tolley Trusts and Inheritance Tax expert

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Foreign tax relief

Foreign tax reliefIncome and gains may be taxable in more than one country. The UK has three ways of ensuring that the individual does not bear a double burden:1)treaty tax relief may reduce or eliminate the double tax2)if there is no treaty, the individual can claim ‘unilateral’ relief by deducting

14 Jul 2020 11:44 | Produced by Tolley Read more Read more

Supplies of goods and services connected with education

Supplies of goods and services connected with educationThis guidance note provides an overview of the VAT treatment of goods and services provided in connection with supplies of education. This should be read in conjunction with the following guidance notes:•Supplies of education•Local authority

14 Jul 2020 13:44 | Produced by Tolley Read more Read more

UK VAT invoice requirements

UK VAT invoice requirementsThis guidance note provides details of the information that must be shown on a valid tax invoice. Businesses supplying goods and services that are liable to the standard or reduced rate of VAT are required to issue a tax invoice to another VAT registered person.If the

14 Jul 2020 13:46 | Produced by Tolley Read more Read more