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Legislation day
The government has announced that it will publish draft clauses for the next Finance Bill for consultation on Tuesday 20 July.
Business compliance
HMRC has updated its guidance on its compliance approach for large businesses adding new sections on the compliance risk management framework business risk reviews and large business consultation forums.
Making tax digital
From April 2023 all income tax self-assessment taxpayers earning more than £10 000 business and property income a year are required to join MTD subject to limited exceptions.
Freeports
HMRC has published new guidance on how to claim relief from stamp duty land tax when buying land or buildings in a freeport tax site.
Hidden economy
From April 2022 HMRC is introducing a simple tax check (in addition to the licensing body’s requirement) that will take place when people renew their licences...
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