HMRC Tax Conditionality

Today HMRC published initial policy guidance on ‘Tax Conditionality‘.  It represents “…the first in a series of regular updates by HMRC to help licensing bodies prepare for tax conditionality, a new policy that will introduce a tax check into the licencing process for some licence applications in England and Wales from April 2022…“.  This initial update “…provides an overview of HMRC’s progress in developing this new measure and explains how this will work in practice…“.  Additional updates will be provided on release by HMRC.