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In this GAAR panel opinion on a repayment of a participator loan through transactions involving group companies, the panel's opinion is that entering into, and carrying out, the tax arrangements was a reasonable course of action in relation to the relevant tax provisions. This is the first of the GAAR Advisory Panel’s opinions that favours the taxpayer.

HMRC and the Treasury have published a number of new consultations and responses, covering various subjects including the UK’s implementation of Pillar 2, the reporting rules for digital platforms, self-assessment notification of liability timings, and improving the way HMRC uses taxpayer data.

The Office of Tax Simplification has published a report which analyses the impacts of tax complexity and recommends that the principle of simplification should be embedded in the tax policy making process.

On 20 July 2022, the Treasury published a raft of legislation in draft which will form the basis of Finance Bill 2023.

The CIOT has responded to the three key questions asked in the consultation on legislative proposals to extend an existing concession that removes trusts and estates from income tax where the only source of income is savings interest, and the tax liability is below £100.

HMRC has published a new guidance on steps to be taken before registering as a professional tax agent.

18 July 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

The UK government intends to publish draft legislation for Finance Bill 2023 on 20 July 2022.

The ATT welcomes proposals to remove more low-income trusts and estates from income tax.

The Remote Observation and Recording (Courts and Tribunals) Regulations 2022, SI 2022/705, which were made under section 85A of the Courts Act 2003 (which was itself introduced by section 198 of the Police, Crime, Sentencing and Courts Act 2022), came into force on 28 June 2022. Also on 28 June 2022, the Lord Chief Justice and the Senior President of the Tribunals published Practice Guidance on Remote Observation of Hearings—New Powers in order to help judicial office holders understand and apply the law.

HMRC has updated its guidance on registering trusts as a trustee or an agent to include the information required to register trusts if the settlor is deceased.

HMRC has updated its capital gains tax (CGT) for trusts and estates supplementary toolkit and its VAT input tax toolkit.

27 June 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC has increased the interest rates for late payments of tax following the Bank of England’s decision on 16 June 2022 to increase the bank base rate from 1% to 1.25%.

20 June 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

6 June 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

30 May 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

23 May 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

The CIOT has shared an HMRC briefing on share sale proceeds where disposal figures declared on taxpayer’s Self-Assessment returns don’t match those declared by the purchasing company.

HMRC has published new factsheet CC/FS57 on the Human Rights Act and DOTAS penalties.