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HMRC has updated its guidance and VAT notice 742A to reflect that the temporary extension to the time limit for notifying an option to tax ended on 31 July 2021.

HMRC has launched a consultation on the implementation of the OECD Model Reporting Rules, which require digital platforms to report details of the income of sellers on their platform to the tax authority and also to the sellers.

The Supreme Court has unanimously allowed HMRC’s appeal, holding that the taxpayer, Mr Tinkler, was estopped from denying that a valid enquiry had been opened into his tax return. Adam Craggs, partner at RPC, and Elizabeth Small, partner at Forsters, comment on the Supreme Court's judgment.

HMRC has updated VAT Notice 700/17 with a new section on what a company must do if it is being wound up, and receives supplies for which it is liable for VAT.

HM Revenue & Customers (HMRC) has published its newsletter 131, which informs relevant stakeholders of the latest news and updates regarding pension schemes.

The Chartered Institute of Taxation (CIOT) has commented on the Scottish Parliament consultation ‘What matters to you?’ on what the priorities for Scotland should be.

The Association of Taxation Technicians (ATT) has shared an update from HMRC with its members regarding the Trust Registration Service (TRS). This is to help raise awareness of the need for non-taxable trusts to register their details with HMRC once the service is open. There is also an opportunity for trustees to participate in a development trial.

HMRC has published a policy paper detailing how the government intends to use the powers in the National Insurance Contributions Bill 2021.

The OECD has released new data that underlines the importance of the two-pillar plan being advanced by over 130 members of the OECD/G20 inclusive framework on BEPS to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate.

HMRC has updated its policy paper to add information for people who have been contacted by a third party to repay a disguised remuneration loan.

HMRC has updated its Self-Employment Income Support Scheme guidance to cover how to notify errors in amounts claimed under the scheme and how to work out turnover where the taxpayer is a member of a partnership.

The Chartered Institute of Taxation (CIOT) has responded to the HMRC consultation on timely payment of tax which closed on 13 July 2021.

HMRC has updated its guidance on VAT deferred due to coronavirus to cover the penalty that may be charged where businesses failed to pay the deferred VAT in full by 30 June 2021 and how to appeal against that penalty.

The Welsh Revenue Authority has published new guidance on Land Transaction Tax (LTT) rates for non-residential or mixed use property or land in Wales.

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

In the ever-fast-moving world of tax announcements and developments, this news pulls together some of the key changes announced this week. Our commentary will be updated in due course to reflect these latest developments.

HMRC has updated its import, export and customs guidance to reflect the post Brexit regime. The update covers the period from 19 July 2021 to 26 July 2021.

The OECD has published the stage 2 peer review monitoring reports for Argentina, Chile, Colombia, Croatia, India, Latvia, Lithuania and South Africa under the BEPS Action 14 minimum standard for the resolution of tax-related disputes.

The Supreme Court has released its judgment on various outstanding issues in what has become known as the Franked Investment Income (FII) Group Litigation. The judgment involves seven issues relating to the tax treatment of dividends received by UK companies from non-UK subsidiaries. Maryanna Sharrock, partner at Stephenson Harwood, comments on the Supreme Court’s decision.

These Regulations provide for an exemption from income tax on income earned in the UK in connection with the 2021 UEFA Super Cup football match which is due to be held in Belfast on 11 August.