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As reported in the May edition of Technical Newsdesk (‘Tax simplification’, tinyurl.com/5464kktw), the CIOT, ATT and LITRG, along w

As the level of digital interaction with HMRC continues to increase, it has become increasingly necessary to think about how these systems and processes should be developed, and to identify what fu

In May, the Public Accounts Committee (PAC) opened an inquiry entitled ‘Progress with making tax digital’ (MTD) (tinyurl.com/bdhjy7z7).

The sandbox piloting approach being explored is defined in the consultation document as ‘a temporary environment where HMRC could conduct tests of new policy and processes which suspend, implement,

The consultation document considers: the use of third-party data by HMRC; pre‑population of tax returns; who is responsible for the accuracy of the data; what processes should challenge and resolve

CIOT response

In its response, the CIOT reaffirmed its support for the government in taking a robust approach to those who continue to devise, promote or sell tax avoidance schemes.

Back in July 2022, HMRC issued a call for evidence on the tax treatment of decentralised finance (DeFi) transactions, considering if and to what extent the staking and loaning of cryptoassets shoul

In April, HMRC launched a consultation seeking views on several tax matters affecting charities and community amateur sports clubs, with a view to preventing non-compliance and helping to protect t

In April, the government published a consultation on ‘Stamp Taxes on Shares modernisation’.

Currently anti-money laundering (AML)/ counter-terrorism financing (CTF) supervision in the UK involves three statutory supervisors (the Financial Conduct Authority, the Gambling Commission and HMR