Technical Alerts

technical alerts

Technical Alerts is our specialist news service curated by Croner-i tax specialists, bringing together our daily news updates on technical tax, audit and accounting developments, plus exclusive case reports on First Tier Tribunal and Upper Tribunal judgments focusing on the key issues in each ruling.

23 Dec 2021

Direct Tax | Case report: Taxpayers’ behaviour was careless not deliberate

Direct Tax | HMRC update guidance on genuine HMRC contact

Direct Tax | HMRC update guidance on OI returns

Direct Tax | HMRC update UK–Isle of Man double tax treaty information

Direct Tax | HMRC update UK–Guernsey double tax treaty information

Direct Tax | HMRC stakeholder digest update

Direct Tax | Fair Tax Foundation provides 2021 update

Direct Tax | Financial sanctions update

Direct Tax | HMRC update guidance on capital taxation and tax-exempt heritage assets

Direct Tax | EC proposes swift transposition of international agreement on minimum taxation of multinationals

Indirect Tax | VAT Notice 723A: Refunds of UK VAT for non-UK businesses or EU VAT for UK businesses

Indirect Tax | Tariff stop press notice 26: Important information for importers of steel products

Indirect Tax | HMRC publish further guidance on plastic packaging tax

Indirect Tax | Excise Notice 197: Receive goods into and remove goods from an excise warehouse

Accountancy & Audit | IFRS December 2021 update for SMEs published

Accountancy & Audit | PRAG publishes guidance on climate disclosures

22 Dec 2021

Direct Tax | HMRC update capital versus revenue expenditure toolkit

Accountancy & Audit | UKEB publishes response to IASB’s potential changes to the subsequent accounting for goodwill

Accountancy & Audit | UKEB publishes final comment letter on Exposure Draft: Disclosure Requirements in IFRS Standards—A Pilot Approach

Accountancy & Audit | Major overhaul would see single insolvency regulator

Accountancy & Audit | CPA Canada, ICAS, IFAC and IESBA publish second paper in series on ethics and digital change

Indirect Tax | Excise Notice 196: Registration and approval of excise goods held in duty suspension

Indirect Tax | Excise Notice 179e: Biofuels and other fuel substitutes

Indirect Tax | Excise Notice 76: excise duty on gas for use as fuel in road vehicles

Indirect Tax | HMRC update list of customs agents and fast parcel operators

Indirect Tax | HMRC urge businesses to prepare for January customs changes

Indirect Tax | HMRC update OSS payments guidance

Direct Tax | Covid-19: HMT sets out economic support package

Direct Tax | Case report: Tribunal cancels inaccuracy penalty

Direct Tax | HMRC Trusts and Estates Newsletter: December 2021

Direct Tax | Revenue Scotland amends interest rates

Direct Tax | HMRC update organisation chart

Indirect Tax | Case report: Input tax recovery permitted in relation to fundraising

Indirect Tax | Case report: Taxpayer should have known purchases were connected to fraudulent VAT evasion

Indirect Tax | Case report: Too late for transfer of residency relief

Direct Tax | Case report: Parts of HMRC’s expert evidence ruled inadmissible

Direct Tax | Case report: Package of payments was non-deductible penalty

Direct Tax | Case report: Taxpayer ordered to disclose skeleton arguments to third party

Direct Tax | Case report: FTT finds payments were earnings rather than scholarship income

21 Dec 2021

Direct Tax | HMRC update guidance on pay-back of CJRS grants

Accountancy & Audit | UKEB publishes draft comment letter on Post-implementation Review: IFRS 9 Financial Instruments - Classification and Measurement

Accountancy & Audit | UKEB publishes draft comment letter on Subsidiaries without Public Accountability: Disclosures Exposure Draft

Indirect Tax | HMRC publish guidance for agents on exporting from GB to the EU from January 2022

Indirect Tax | Tariff stop press notice 25: UK goods classification 2022

Indirect Tax | Excise Notice 163: wine production

Indirect Tax | Excise Notice 39: spirits production in the UK

Indirect Tax | Excise Notice DS5: UK Duty Stamps Scheme

Indirect Tax | HMRC publish January 2022 monthly exchange rates

Direct Tax | OECD releases Pillar Two model rules for domestic implementation of 15% global minimum tax

Direct Tax | HMRC consult on umbrella company market

Indirect Tax | SI 2021/1471 – The Wine (Amendment) Regulations 2021

Direct Tax | HMRC update guidance on MTD for IT

Direct Tax | HMRC update rates and allowances

Direct Tax | CIOT comments on Welsh Budget tax plans

Direct Tax | Welsh Government publishes draft Budget 2022–23

Indirect Tax | Case report: Use of the personal export scheme requires pre-approval

Indirect Tax | Case report: Predominant element of supply did not qualify for zero-rating

Direct Tax | Case report: Legal fees were incurred wholly and exclusively for trade purposes

Direct Tax | Case report: FTT considers BAD relief claim on disposal over number of years

Direct Tax | Case report: FTT finds Class 3 NICs paid in error due to mental state of contributor