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HMRC has published Agent Update issue 109 (14 June 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

The Chancellor has put forward several amendments, including two new clauses, which will be considered in the House of Commons at Report Stage on 20 June 2023 (rescheduled from the original 19 June date).

HMRC has updated its standard for agents to clarify the legal position on assignments of income tax repayments received after 15 March 2023.

HMRC has launched a consultation seeking views on the proposal to introduce a voluntary standard for customs intermediaries, with the aim of improving the quality of service across the sector.

HMRC is writing to UK residents named in the leaked Pandora Papers to give them the chance to correct their tax affairs.

The National Audit Office (NAO) has published a report, Progress with Making Tax Digital. The report considers progress to implement Making Tax Digital, and whether HMRC’s latest plans provide confidence that the programme will deliver value for money.

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

HMRC has published Spotlight 62 on tax avoidance schemes used by owner managed companies to fund education fees.

The European Parliament has published a briefing on Tax transparency rules for cryptoasset transactions (DAC8).

HMRC has published pension schemes newsletter 150.

HMRC’s Stakeholder Digest (25 May 2023) provides a round-up of recent news and updates.

HMRC has published two new guidance pages on the economic crime levy (ECL) - the annual charge on entities who are supervised under the Money Laundering Regulations and whose UK revenue exceeds £10·2 million per year.

HMRC has published Agent Update issue 108 (24 May 2023) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

HMRC has updated its guidance on completing a tax check for renewing taxi, private hire or scrap metal licenses.

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

HMRC is increasing the late payment rate of interest to 7%, and the repayment interest rate to 3.5% from 31 May 2023. Interest on quarterly instalment payments of corporation tax is also increased from 22 May 2023.

The Retained EU Law (Revocation and Reform) Bill will now not automatically remove remaining retained EU law and EU-derived secondary legislation on 31 December 2023.

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

The CIOT and ATT have responded to the HM Treasury consultation on future financial services regulatory regime for cryptoassets.

HMRC has updated its standard for agents.