The government is consulting on plans to simplify and modernise audio-visual tax reliefs, including film tax schemes, in the first shake-up since their introduction in 2007
Plans to tighten up the rules on sellers of goods on online platforms will help HMRC to crack down on tax evaders and share information with other tax authorities
The Association of Taxation Technicians (ATT) says that HMRC’s publication of a new data collecting consultation is far too important a subject to be left just to the tax community because of the wide scope and impact of a potential ‘business census’
In an unexpected power grab, HMRC is working on plans to access more information about individual taxpayers, particularly the self employed and employees, from working hours to job titles, to tackle tax evasion
The Treasury Committee has opened an inquiry over the summer into the size and benefits of the tax relief market, including ideas to reform complex rules
The government is consulting on plans to reform and simplify the taxation of cryptoasset loans and ‘staking’ within the context of decentralised finance (DeFi)
The Treasury is consulting on plans to modernise the tax treatment of foreign sovereign investors, such as heads of state and sovereign wealth funds, to bring the UK in line with the US and Australia
Measures to stop hundreds of rip-off agents taking advantage of people and pocketing their income tax repayments, including compulsory registration, have been proposed by HMRC
The government has set out proposals to reform the capital allowances regime to encourage more business investment with a radical option to introduce full expensing of main rate plant and machinery
The Treasury Committee has launched an inquiry into the UK’s venture capital industry, including the ability of firms to source financing and the effectiveness of tax incentives
Following consultation on plans to modernise corporate re-domiciliation rules, the government acknowledges that more detailed proposals are required before changes are made
