In brief: 12 May 2022

Treasury fraud squad

The Treasury has created a new public sector fraud authority to recover money stolen from the Covid support schemes and to crack down on other organised financial criminal activity. Operational in July and based in the Cabinet Office the new £25m body will double funding for the government’s central counter fraud capacity.

tinyurl.com/hmtfrauth

Inheritance tax

New guidance for form IHT100 explains how to tell HMRC about chargeable events when inheritance tax is payable on a trust or gift.

tinyurl.com/hmrciht100gui

Pensions

HMRC has published Pension Schemes Newsletter 138.

tinyurl.com/hmrcpsn138

First-tier Tribunal

The First-tier Tribunal has published guidance for judges and parties in proceedings in the chamber about the procedure to be followed when a party wishes to rely on oral evidence given by video or telephone by someone who is outside the UK.

tinyurl.com/fttgoralevabr

VAT penalties

HMRC has published guidance on the new...