Form AAG4 allows individuals and businesses to notify HMRC of the reference number assigned to any tax avoidance scheme they have utilised. The form serves as the official notification mechanism for taxpayers who need to disclose scheme identification details to the tax authority. This is part of HMRC’s requirement for transparency regarding the use of marketed tax avoidance arrangements.
Source: HMRC (GOV.UK) – Read the original
HMRC has introduced form AAG2 to allow users of notifiable tax avoidance arrangements to report their involvement directly to tax authorities when the offshore scheme promoter fails to comply with notification requirements. This form provides a mechanism for users to meet their disclosure obligations independently and ensure their tax positions remain compliant with avoidance disclosure rules.
Source: HMRC (GOV.UK) – Read the original
From 1 January 2018, new disclosure requirements apply to anyone who promotes or participates in arrangements designed to provide VAT or other indirect tax savings or deferrals. The rules require affected parties to report such schemes to HMRC under the mandatory disclosure regime. These obligations apply to both promoters of tax arrangements and those who implement them. The guidance clarifies the reporting procedures and timelines that businesses and tax professionals must follow when dealing with these types of arrangements.
Source: HMRC (GOV.UK) – Read the original
HMRC has published a forward-looking timeline detailing the planned delivery of customs and trade-related updates and system changes expected to roll out over the coming years until April 2027. The roadmap sets out when businesses and logistics providers can expect new functionality, regulatory changes, and compliance tools to be implemented. This advance notice allows affected parties in the customs and trade sector to prepare for upcoming modifications to processes and requirements.
Source: HMRC (GOV.UK) – Read the original
Taxpayers who have participated in Inheritance Tax avoidance schemes must now notify HMRC using form AAG4(IHT), providing the scheme reference number they received. This form enables HMRC to track and monitor participation in such schemes for tax compliance purposes. The requirement applies to anyone who has used an Inheritance Tax avoidance arrangement and received a corresponding reference number from their scheme provider.
Source: HMRC (GOV.UK) – Read the original
HMRC has confirmed that mandatory payrolling arrangements will change from April 2027, requiring employers to report benefits in kind and expenses through real-time information systems rather than through traditional year-end reporting. This legislative change affects all employers who currently provide taxable benefits or pay expenses to employees. The shift to real-time reporting means compliance obligations will align with existing PAYE processes, streamlining data submission and reducing administrative burden for payroll teams.
Source: HMRC (GOV.UK) – Read the original
HMRC has released guidance to help businesses and practitioners determine whether they are required to notify the tax authority when using or promoting tax avoidance arrangements. The guidance clarifies the disclosure obligations under the Disclosure of Tax Avoidance Schemes (DOTAS) rules, which apply to certain categories of schemes that meet specific characteristics. Anyone involved in implementing or marketing such schemes should review this guidance to ensure compliance with their reporting duties to HMRC.
Source: HMRC (GOV.UK) – Read the original
HMRC has published updates to its employment related securities end of year templates, guidance and technical documentation, with accessibility improvements coming into effect from 6 April 2027. The bulletin sets out the enhancements being made to help employers and administrators comply with ERS reporting requirements. These changes aim to make the templates and supporting materials more accessible to all users managing employment related securities throughout the tax year.
Source: HMRC (GOV.UK) – Read the original
HMRC has issued a list of gilt-edged stocks and bonds that are charged on the National Loans Fund and therefore benefit from exemption from Capital Gains Tax. The exemption applies to gains made on disposal of these qualifying government securities. Traders and investors dealing in gilts should refer to this official list to identify which instruments attract CGT relief on gains. This exemption is a longstanding feature of UK tax law for government debt securities.
Source: HMRC (GOV.UK) – Read the original
HMRC has published guidance setting out the reporting obligations that employment intermediaries must follow when they do not operate a Pay As You Earn scheme. The guidance clarifies which intermediaries are subject to these requirements and what information they must submit to HMRC. This applies to organisations that supply workers to other businesses but do not directly operate PAYE systems. Intermediaries should review the guidance to ensure they are meeting their reporting responsibilities.
Source: HMRC (GOV.UK) – Read the original