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In this week's update, we are having a deep dive into HMRC's Tax Administration and Maintenance day documents and consultations. 'TAM' day was last Thursday and we have made you an 'At a glance summary' so you can decide whether you want to learn more. 

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HMRC have just brought out another Agent Update together with Trusts and Estates Newsletter. We also have details of our new Virtual Tax Partner (VtaxP) Tax Workouts.

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We have something of an 'Employers' Special' this week, with a new Employer Bulletin from HMRC and an Employers What's new 2023-24 guide. There is something for everyone though, as we also have several new season guides for Landlords, Company Directors and other taxpayers.

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One potential way of tackling the current housing shortage in places like London and the South West is to make it more difficult for home owners to holiday let their properties through sites such as Airbnb or Vrbo. With demand for the ‘staycation’ showing few signs of abating, investor demand for lettable properties is driving up house prices. 

The government’s solutions to the problem include the introduction of a short-term let registration scheme and to make home owners apply for planning permission before letting. As the government itself notes, holiday letting spawns its own ‘ecosystem’ of local services, and therefore any measures will have to balance the needs of local employment with local housing.

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Happy New Tax Year. It's certainly set to be an exciting one. Manchester is celebrating with the introduction a new tourist tax, set at just £1 per night. It's very good value compared to the cost of parking and substantially cheaper than any of the tourist taxes already in force in many foreign cities.