Consultations

International tax

Tax | Consultation on rules for 25% energy profits levy

The government has launched a consultation on draft legislation for the 25% surcharge on the extraordinary profits the oil and gas sector is making

24 Jun 2022

Tax | HMRC targets rogue tax refund repayment agents

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

22 Jun 2022

Tax | MPs call on accountants to shed light on loan charge clients

The Loan Charge and Taxpayer Fairness APPG has launched a call for evidence, this time from advisers with clients affected by the loan charge

16 Jun 2022

Personal tax

Tax | Overhaul of capital allowances tax relief under review

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

9 May 2022

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