³ÉÈËÓ°Òô

The Chartered Institute of Taxation (CIOT) has responded to the Treasury review of the Office of Tax Simplification (OTS) which was closed on 6 July 2021.

HMRC has updated its guidance for trustees on authorising an agent to access the trust.

The OECD has published the Tax Transparency in Latin America 2021 report, which outlines a Latin American initiative to tackle tax evasion, corruption and other financial crimes through transparency and exchange of information (EOI) for tax purposes.

These Regulations make amendments to the requirements for import and export customs controls which were introduced to replace previously applicable EU customs legislation following the UK’s exit from the EU.

The CIOT has shared an update from HMRC clarifying the scope of the exclusions from the trust registration service on insurance policies with surrender values.

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.

The Chancellor of the Exchequer has welcomed milestone progress on international tax reform during meetings of G20 Finance Ministers and Central Bank Governors in Venice.

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

HMRC has published new guidance on how to claim relief from Stamp Duty Land Tax (SDLT) when buying land or buildings in a Freeport tax site.

HMRC has updated its import, export and customs guidance to reflect the post Brexit regime. The update covers the period from 5 July 2021 to 12 July 2021.

These Regulations amend the Tax Credits (Definition and Calculation of Income) Regulations, SI 2002/2006 to ensure that payments under the Covid Local Support Grant and equivalent devolved administration schemes are disregarded as income for the purposes of tax credits.  The Child Benefit (General) Regulations, SI 2006/223 are also amended.

HMRC has published a news story encouraging UK businesses to prepare for customs changes which will be introduced over the coming six months.

HMRC has published new guidance for advisers on how to register as an agent with HMRC, how to change or remove agent authorisations and how to give staff access to HMRC online services for agents.

Draft legislation for the next Finance Bill will be published on Tuesday 20 July 2021.

These Regulations appoint 5 July 2021 as the day for section 131 of the Finance Act 2021 to come into force.

HMRC has published a paper setting out its strategy for tackling the hidden economy (tax conditionality) - taxis, private hire vehicles and scrap metal dealers - by making licence renewals conditional on tax checks.

The Government has published a written ministerial statement announcing that legislation will be introduced to allow a VAT zero rate to apply to trades in UK emissions trading scheme allowances within the VAT Terminal Markets Order (

The OECD secretary-general has published his report to the July 2021 meeting of G20 leaders in Italy, covering international tax developments including the digital economy, the tax policy aspects of climate change and supporting developing countries to build sustainable tax bases.

The Law Society has welcomed HMRC’s announcement that it will retire the stamp presses on 19 July 2021 and effectively put the temporary electronic processes on a more permanent footing.

HM Treasury has published the required Treasury Direction setting out the detail of the fifth SEISS grant. As promised by early July, HMRC has also updated number of its guidance notes with information in relation to the fifth SEISS grant.