UK CBAM consultation published
Last month the Government published a consultation on the introduction of a UK carbon border adjustment mechanism (CBAM) from January 2027
Labour announces plans to close the tax gap
Proposals include additional HMRC compliance resource, technology investment and establishment of an expert panel to advise on the plans
Consultation on additional tax relief for visual effects expenditure
The Government seeks views on the proposed increase in tax relief within Audio-Visual Expenditure Credit for UK visual effects (VFX) costs
Updated draft guidance on contracted out and overseas R&D published
HMRC publish additional examples and scenarios to help claimants better understand the reforms and apply them to their own fact patterns
Reserved Investor Fund – release of draft legislation
The Government has recently published draft legislation for consultation for a new UK fund structure - the Reserved Investor Fund
Healthy US 2023 APA Statistics: benefits of tax certainty
Positive UK implications from the latest IRS APA statistics showing a record number of APAs executed by the IRS. UK in the top five partners
Partnership tax salaried member rules – a shift in HMRC approach?
HMRC have recently amended guidance on the partnership salaried member rules, specifically in respect of Condition C
International review for March 2024
Tim Sarson reports on US tax proposals, Amount A and DSTs, Amount B guidance, Pillar Two implementation, the BEFIT proposal and EU VAT fraud
Indirect Tax Weekly Talking Points – 27 March 2024
This week’s edition looks at changes to HMRC helplines and a number of VAT cases including a procedural case regarding Newcastle United.
