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The CIOT has sent a proactive submission to HMRC on uncertainties in relation to the application of ESC D32 on the incorporation of a business.

The European Public Prosecutor’s Office (EPPO) has reported that it has arrested 14 individuals believed to have orchestrated a €195m VAT fraud scheme that spanned 17 countries. The EPPO and supporting partners, including Eurojust, Europol, HM Revenue and Customs and relevant European counterparts, carried out over 18 searches involving 680 tax and police investigators. The EPPO has also reported that investigators seized €15.3m worth of smartphones, used to perpetuate the fraud, a yacht worth €3m, around €1.2m in cash and cryptocurrency, luxury cars and jewellery and gold. The countries involved in the investigation were: Albania, Austria, Croatia, Cyprus, Czechia, Estonia, Germany, Hungary, Italy, Malta, the Netherlands, Poland, Portugal, Slovakia, Slovenia, Sweden and the UK.

HMRC has updated its guidance on how to register a charity for tax, taxpayer’s obligations, and any reliefs or exemptions available.

HMRC has updated its VAT notice on claiming a VAT refund in the UK for businesses established outside the UK.

HMRC has published a brief on the VAT liability of the live streaming of funeral, burial or cremation services.

These Regulations give effect to the annual re-rating of various National Insurance contributions rates, limits and thresholds from 6 April 2024.

The OECD Secretary-General’s Tax Report to Finance Ministers and Central Bank Governors has been published.

HMRC has updated its recently published lifetime allowance newsletter.

The Scottish Parliament has approved the 2024-25 Scottish Budget.

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

Details of updates to HMRC import, export and customs guidance for the period from 20 February 2024 to 26 February 2024.

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 published pension schemes newsletter 156.

These Regulations amend SI 2001/1004 to disregard from earnings three compensation schemes in order to exempt them from Class 1 National Insurance Contributions (NICs).

These Regulations provide for exemptions from income tax and capital gains tax (CGT) for payments made under three compensation schemes.

The CIOT has responded to HMRC’s consultation on calculating PAYE liabilities in cases of non-compliance for off-payroll working (IR35)

HMRC has published revised advisory fuel rates for company cars which apply from 1 March 2024.

HMRC’s latest Digest (22 February 2024) provides short updates on various topics, including changes to the R40 repayment claim form, P87 form, changes to reporting income from self-employment and partnership.

These Regulations amend SI 2021/1076 which provide for persons with income from a trade, profession or vocation, or income from a property business, which are chargeable to income tax and exceed a threshold amount to follow the rules for MTD for Income Tax from 6 April 2024.

Royal Assent to the Finance Act was notified in the House of Lords on 22 February 2024