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Self assessment
As the 31 January deadline to submit 2022-23 self-assessment tax returns approaches nearly 44 800 people have arranged to pay their tax – totalling almost £148m – by setting up a payment plan HMRC reports.
Alternative finance
A consultation has been launched by HMRC in which it seeks views on potential reforms that would address the differences in tax treatment that can arise when a commercial or residential property is refinanced using alternative rather than conventional finance methods. The consultation closes on 9 April.
Diverted profits tax
The government has published a summary of responses from the consultation proposing reforms to transfer pricing permanent establishment and diverted profits tax legislation. It intends to publish draft legislation for consultation later in 2024.
Zambia
Zambia has become the 171st member – and 39th African member – of the global forum on transparency and exchange of information for tax purposes.
Making tax...
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