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HMRC has published Agent Update issue 118 (20 March 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

HMRC has confirmed that proposals to reduce the availability of several taxpayer helplines have been put on hold.

Finance (No 2) Bill was published on 13 March 2024.

The Notice has been updated to show that HMRC no longer sends an acknowledgement letter on receipt of an option to tax. The list of authorised signatories has also been updated.

This Order increases the VAT registration and deregistration threshold for taxable supplies.

The 6 March 2024 Spring Budget announced a further 2 percentage point cut in NICs for employees and the self-employed, although the income tax thresholds remain frozen. The government is also consulting on potential regulation of the tax advice market.

HMRC has published the outcome of the consultation on draft regulations for Electronic Sales Suppression (ESS).

HMRC has published a notice setting out information on what businesses need to do if they have opted to register for the Import One Stop Shop (IOSS) Scheme.

HMRC has updated its VAT notice on claiming a VAT refund in the UK for businesses established outside the UK.

HMRC has published a brief on the VAT liability of the live streaming of funeral, burial or cremation services.

The Scottish Parliament has approved the 2024-25 Scottish Budget.

Royal Assent to the Finance Act was notified in the House of Lords on 22 February 2024

HMRC has published Agent Update issue 117 (21 February 2024) providing a round-up of recent developments and changes to legislation and allowances relating to UK tax for tax agents and advisers.

HMRC has published various new guidance pages on the VAT Import One Stop Shop (IOSS) scheme.

HMRC has launched a consultation to welcome views on how a range of topics relating to HMRC’s enquiry and assessment powers, penalties, and safeguards could be reformed.

In the Treasury minutes published on 15 February 2024, the government has responded, among other things, to the Public Accounts Committee (PAC) report from session 2022-23 on making tax digital for VAT, income tax and corporation tax.

The CIOT has responded to the Scottish Parliament’s Finance and Public Administration Committee call for views on the Aggregates Tax and Devolved Taxes Administration (Scotland) Bill.

These Regulations amend the provisions of the VAT Import One Stop Shop (IOSS) and the VAT One Stop Shop (OSS) simplified accounting schemes.

Finance Bill 2024 has cleared all House of Commons stages and will next move to the House of Lords. The Lords version of the Bill is now available.

These Regulations are the second appointed day Regulations made under FA 2021, s 95.