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HMRC issued a consultation regarding the implementation of certain discretionary and optional elements of the Crypto Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard

LITRG’s response (www.litrg.org.uk/10903) to the Public Accounts Committee’s call for evidence (tinyurl.com/57emuwce

On 22 March, the Public Accounts Committee (PAC) opened an inquiry into HMRC’s customer service.

The latest in a series of consultations on raising standards in the tax advice market was published in March 2024 (tinyurl.com/hmrcraisingstandards

The HMRC standard for agents (the standard) can be found on GOV.UK at: tinyurl.com/38juevtw.

Finance (No.2) Act 2024received Royal Assent on 24 May 2024.

The Budget in March 2024 contained proposals for changes to the taxation rules for foreign income and gains and inheritance tax (IHT) deemed domicile rules.

Members may be asked by clients or potential clients to provide advice, guidance and support to enable the person or business to make a disclosure to HMRC.

At Spring Budget 2024, the government announced that it will abolish the furnished holiday lettings (FHL) regime with effect from April 2025.

Non-established taxable persons

In our October 2023 article in Tax Adviser, (tinyurl.com/3pd32ume), we highlighted that the wording in a q