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Weekly roundup of HMRC import, export and customs guidance: 31 July 2023

31 July 2023 - 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’s Stakeholder Digest (27 July 2023) confirms the end of the concessionary treatment of assignments of the right to receive tax repayments.

HMRC has updated its guidance on working out the balancing charge when a plant or machinery is sold or disposed by a company after claiming allowances for them.

The Luxembourg Parliament approved for ratification the double tax convention between Luxembourg and the UK which was signed on 7 June 2022.

Details of updates to HMRC import, export and customs guidance for the period from 17 July 2023 to 24 July 2023.

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.

24 July 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

The UKEB has confirmed the adoption of amendments to IAS 12 International Tax Reform: Pillar Two Model Rules which was issued by the IASB in May 2023.

HMRC has published a new guidance page on how employees can claim a tax refund for negative earnings.

The Order brings into effect the first-time comprehensive Double Taxation Convention between the UK and San Marino which was signed on 17 May 2023.

HMRC and HM Treasury have launched a joint consultation on the role of tax incentives in boosting occupational health (OH) provision by employers.

The CIOT and ATT have responded to the HMRC consultation on Charities tax compliance. The consultation explored reasonable and proportionate changes on how to reform some tax relief rules that do not work as intended.

This Order brings into effect the first-time comprehensive Double Taxation Convention between the UK and Brazil was signed on 29 November 2022. It also brings into effect a 2005 Agreement.

HMRC has updated multiple guidance notes on Research and Development (R&D) tax relief.

The CIOT has responded to the HMRC consultation on Construction Industry Scheme reform.

138 members of the OECD/G20 Inclusive Framework on BEPS have agreed an 'Outcome Statement' on progress towards implementation of Pillars One and Two.

HMRC has published pension schemes newsletter 152.

These Regulations provide a disregard from earnings, for NICs purposes, for compensation payments made under the public service pensions remedy.