Welcome to the latest edition of RPC's Tax Bites – providing monthly bite-sized updates from the tax world.
News
HMRC updates its Guidance for correcting transfer pricing errors
HMRC has updated its Guidance for correcting transfer pricing errors to include information about the Transfer Pricing and Profit Diversion Compliance Facility that is available for taxpayers to amend their tax position for certain significant or complex transfer pricing errors where a return can no longer be amended.
HMRC updates its Guidance on the Construction Industry Scheme
HMRC has updated its Construction Industry Scheme Guidance to include a section on the Informants Scheme.
The update includes a recorded webinar explaining how to use the Informants Scheme when reporting tax fraud or avoidance.