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The UK Government has put forward two sets of amendments to Finance Bill 2025.

HMRC has provided an update to the CIOT on their position following the First-tier Tribunal decisions on Collins Construction Ltd and Stage One Creative Services.

HMRC has updated the guidance ‘Additional information you must submit before you claim for Research and Development tax relief’. In particular, the 'Project details to include' and 'Accounting period start and end date' sections have been updated.

The OECD/G20 Inclusive Framework on BEPS has released the latest peer review assessments for 136 jurisdictions in relation to the spontaneous exchange of information on tax rulings.

The Chancellor of the Exchequer, Rachel Reeves has confirmed the Spring forecast will take place on Wednesday 26 March 2025.

16 December 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

The CIOT has published a Finance Bill 2024-25 briefing on the removal of the VAT exemption for private school fees.

These Regulations are made to enable the repayment of tax and interest collected from multinational groups in accordance with a European Commission state aid decision which has now been overturned on appeal.

The CIOT has published Finance Bill 2024-25 briefings on capital gains tax and oil and gas taxation

Amendments are made to the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008, SI 2008/409, the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, SI 2008/410, the Companies Act 2006 and the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, SI 2008/1911.

These Regulations are made to amend the Land Transaction Tax (Tax Bands and Tax Rates) (Wales) Regulations 2018, SI 2018/128 to insert revised percentage tax rates for the tax bands applicable to higher rates residential property transactions. They come into force on 11 December 2024.

Finance Minister Mark Drakeford has published the draft Welsh Budget 2025-26.

The CIOT and ICAEW have published a report addressing HMRC’s customer service challenges, setting out ten recommendations for improvements.

9 December 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

These Regulations are made to designate the special tax sites within, or connected to, a freeport in which certain tax reliefs are available (known as special tax sites).

This Order provides for an increase in the rate of the Additional Dwelling Supplement (ADS) announced in the Scottish Budget 2025-26.

The Scottish Finance Secretary Shona Robison delivered the Scottish Budget on Wednesday 4 December 2024.

HMRC has published its latest Stakeholder Digest (29 November 2024).

2 December 2024 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

The European Commission announced that it has closed three in-depth State aid investigations into transfer pricing tax rulings granted by Luxembourg to Fiat and Amazon, and by the Netherlands to Starbucks.