The UK government plans to clarify rules for crypto-assets, maintain a single tax for securities, and update transfer pricing legislation as part of a major push to simplify its processes.
His Majesty’s Revenue and Customs published several technical tax policy updatesThursday on how to simplify the tax system and close the national tax gap, with the push welcomed by practitioners.
HMRC has begun consulting on a new approach to test tax legislation, involving a “sandbox” environment with proportionate safeguards for novel policies.
The government will also begin key consultations for multinational businesses in May regarding: increasing the rate of ...
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