Consultations

Tax | MPs to review venture capital tax breaks

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

28 Apr 2022

Tax | HMRC to review de minimis tax threshold for trusts

HMRC is consulting on plans to review the current £100 de minimis amount for tax exemption for trusts and estates

26 Apr 2022

Tax | Corporate redomicile rules must protect against economic crime

Following consultation on plans to modernise corporate re-domiciliation rules, the government acknowledges that more detailed proposals are required before changes are made

13 Apr 2022

Tax | OECD consults on cryptoasset tax reporting rules

The OECD has released a consultation setting out plans to set up a new global tax transparency framework to provide for the reporting and exchange of information relating to cryptoassets

23 Mar 2022

Tax | APPG launches loan charge impact inquiry

MPs on the Loan Charge and Taxpayer Fairness APPG have set up a further call for evidence to examine the ongoing impact of the loan charge

15 Mar 2022

Tax | OECD consults on tax base rules for digital taxation

The OECD has launched a brief consultation over the draft rules for tax base determinations under Amount A of its pillar one rules to deal with digital taxation

22 Feb 2022

International tax

Tax | Government consults on future of customs system

The Treasury and HMRC is consulting on the future of the customs system in a post Brexit world with a view to simplifying the process where possible

8 Feb 2022

Tax | Treasury consults on global minimum tax for multinationals

The Treasury is consulting on the framework for rolling out the 15% global minimum tax on profits which will be payable by the largest multinationals from 2023

11 Jan 2022

Tax | Tax treatment of hedging instruments under review

The government is consulting on a draft statutory instrument to extend the scope of existing regulations to align the tax treatment of hedging instruments and hedged items

17 Dec 2021

Tax | HMRC wants more powers to clamp down on non-payers

The government plans to ratchet up its activity against the most recalcitrant businesses and individuals who fail to pay tax bills giving HMRC more powers to act, particularly against ecommerce businesses with no tangible UK footprint

30 Nov 2021

Tax | Treasury sets out overhaul of R&D relief

Following a consultation on research and development (R&D) reliefs, the government has set out plans to go ahead with a number of changes to criteria and the introduction of tough new anti-abuse measures

30 Nov 2021

Tax | Treasury plans release of consultations on single day

The government has announced that there will be a tax administration and maintenance day (TAMD) on 30 November to streamline the release of information and improve stakeholder engagement

18 Nov 2021

Budget

Tax | Government urged to delay basis period reforms

There has been strong pushback on government plans to introduce basis period tax reporting with the main professional institutes calling for a delay, explains Stephen Relf CTA ACA, senior tax writer at Croner-i

16 Sep 2021

HMRC

Tax | Changing tax year end date costly but logical, says OTS

The Office of Tax Simplification (OTS) has published analysis of the potential benefits, costs and implications of a change to the tax year

16 Sep 2021

Tax | Notification of uncertain tax treatment by large businesses

Meg Wilson, tax writer at Croner-i, examines the draft legislation to require large businesses to notify HMRC where they have adopted an uncertain tax treatment

25 Aug 2021