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In brief: 20 July 2023

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17 July 2023
Issue: 4897 / Categories: News

Finance Act

Finance (No 2) Act 2023 received royal assent on 11 July 2023.

tinyurl.com/faroyalassent

Tax credits

Almost 28 000 individuals have used the HMRC app to renew their annual tax credits claim HMRC has announced. Claimants have until 31 July to renew or update their claim or risk having their payments stopped.

tinyurl.com/hmrcrenewtc

State aid

HMRC has published guidance on its online reporting service for state aid. The service must be used to report all de minimis state aid payments received other than those claimed as a result of customs duty waivers.

tinyurl.com/hmrcstateaidgui

Cross-country reporting

The Taxes (Base Erosion and Profit Shifting) (Country-by-Country Reporting) (Amendment) Regulations SI 2023/752 remove the requirement for reporting enterprises to submit an annual notification of their intention to report to HMRC as it is now considered to be unnecessary.

tinyurl.com/si2023752

Alcohol duty

On 1 August 2023 the...

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