Policy papers and consultations

This brief explains the VAT treatment of voluntary carbon credits from 1 September 2024, including the voluntary carbon credits that will be in the scope of the Terminal Markets Order.

• From: HM Revenue & Customs
• Updated: 9 May 2024

• Revenue and Customs Brief — VAT treatment of voluntary carbon credits

  Purpose of this Brief This brief explains: the VAT treatment of voluntary…

Customers volunteering to join Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) from April 2024 will be subject to the government’s new penalty regime.

• From: HM Revenue & Customs
• Updated: 30 April 2024

• Making Tax Digital volunteers and penalties

  Who is likely to be affected This measure will affect taxpayers who…

Information on preparing for the Economic Crime Levy (ECL).

• From: HM Revenue & Customs
• Updated: 29 April 2024

• Get ready for the Economic Crime Levy

  The Economic Crime Levy (ECL) is an annual charge that affects entities…

We welcome views on the viability of retaining existing open-ended property funds in Individual Savings Accounts (ISA) in the event that such property funds no longer meet the eligibility criteria.

• From: HM Revenue & Customs
• Updated: 29 April 2024

This technical consultation seeks views on draft regulations to update existing regulations on the use of trade losses for Corporation Tax purposes in the event of transfers of business by building societies.

• From: HM Revenue & Customs
• Updated: 24 April 2024

This tax information and impact note is about changes to the rules for using trade losses for Corporation Tax purposes, in the event of transfers of business by building societies.

• From: HM Revenue & Customs
• Updated: 24 April 2024

This technical note describes the main changes that will apply from 6 April 2025 to the taxation of non-UK domiciled individuals.

• From: HM Treasury
• Updated: 23 April 2024

We're seeking views on setting up a code of practice on fair and transparent distribution of tips.

• From: Department for Business and Trade
• Updated: 22 April 2024

A summary of measures to support the ambition for a tax system that is fair and supports growth.

• From: HM Revenue & Customs
• Updated: 18 April 2024

Consultation on the potential tax impacts of recent High Court judgments on transport legislation on the private hire vehicle sector and its passengers.

• From: Department for Transport and 2 others
• Updated: 18 April 2024

We welcome views on draft regulations which provide for a reporting change for the Freeport and Investment Zone employer National Insurance contributions (NICs) reliefs.

• From: HM Revenue & Customs
• Updated: 18 April 2024

This brief explains that businesses can choose if they want to apply the Tour Operator’s Margin Scheme (TOMS) to business to business wholesale supplies.

• From: HM Revenue & Customs
• Updated: 18 April 2024

This brief explains how VAT and excise legislation should be interpreted from 1 January 2024.

• From: HM Revenue & Customs
• Updated: 15 April 2024

This consultation considers changes to improve the Money Laundering Regulations while minimising burdens on legitimate customers.

• From: HM Treasury
• Updated: 12 April 2024

HMRC's screening impact equality assessment for the Electricity Generator Levy (EGL).

• From: HM Revenue & Customs
• Updated: 8 April 2024

Screening equality impact assessment for the National Insurance contributions changes from Autumn Statement 2023 and Spring Budget 2024.

• From: HM Revenue & Customs
• Updated: 8 April 2024

Seeking views to provide certainty on decommissioning relief through a Decommissioning Relief Deed. 

• From: HM Treasury
• Updated: 4 April 2024

The draft regulations set out tax rules for the Reserved Investor Fund, and make amendments to the tax rules for Co-ownership Authorised Contractual Schemes.

• From: HM Revenue & Customs and 1 others
• Updated: 2 April 2024

Draft guidance covering changes to the Research and Development (R&D) tax reliefs due to be implemented on 1 April 2024.

• From: HM Revenue & Customs
• Updated: 27 March 2024

This consultation sets out draft legislation for the Value Added Tax (Refund of Tax to Museums and Galleries) (Amendment) Order 2024.

• From: HM Revenue & Customs
• Updated: 25 March 2024