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HMRC extends trial for responding to older post

The ICAEW has advised that HMRC is extending its trial for responding to old post.

15 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Reform of UK law in relation to transfer pricing, permanent establishment, and Diverted Profits Tax

The CIOT has responded to the HMRC consultation on the Reform of UK law in relation to transfer pricing, permanent establishment and Diverted Profits Tax.

14 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 14 August 2023

14 August 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

11 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC directions: R&D claims

HMRC has published directions under

09 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 7 August 2023

7 August 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

07 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC increases late-payment interest rates

HMRC is increasing the late-payment interest rate to 7.75% and the repayment rate to 4.25% from 22 August 2023. Interest on quarterly instalment payments of corporation tax is also increased from 14 August 2023.

04 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

Second Investment Zone for the North announced

The government has launched England’s second Investment Zone in Liverpool focused on life sciences.

02 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

Treasury Committee calls for action on complex, un-costed and exploited tax reliefs

The Treasury Committee calls for a systematic review into the cost of over a thousand tax reliefs which complicate the tax system and are open to abuse.

02 Aug 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 31 July 2023

31 July 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

31 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance: disposing of a super-deduction or special rate first year allowance asset

HMRC has updated its guidance on working out the balancing charge when a plant or machinery is sold or disposed by a company after claiming allowances for them.

26 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly Roundup HMRC Manuals: 24 July 2023

24 July 2023 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors

24 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

UKEB adopts International Tax Reform: Pillar Two Model Rules (Amendments to IAS 12)

The UKEB has confirmed the adoption of amendments to IAS 12 International Tax Reform: Pillar Two Model Rules which was issued by the IASB in May 2023.

24 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/841 The Double Taxation Relief and International Tax Enforcement (San Marino) Order 2023

The Order brings into effect the first-time comprehensive Double Taxation Convention between the UK and San Marino which was signed on 17 May 2023.

21 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Charities tax compliance

The CIOT and ATT have responded to the HMRC consultation on Charities tax compliance. The consultation explored reasonable and proportionate changes on how to reform some tax relief rules that do not work as intended.

21 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/839 The Double Taxation Relief and International Tax Enforcement (Brazil) Order 2023

This Order brings into effect the first-time comprehensive Double Taxation Convention between the UK and Brazil was signed on 29 November 2022. It also brings into effect a 2005 Agreement.

21 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on Research and Development (R&D) tax relief

HMRC has updated multiple guidance notes on Research and Development (R&D) tax relief.

21 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT response: Construction Industry Scheme reform

The CIOT has responded to the HMRC consultation on Construction Industry Scheme reform.

20 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

OECD welcomes 'historic agreement' on two-pillar solution

138 members of the OECD/G20 Inclusive Framework on BEPS have agreed an 'Outcome Statement' on progress towards implementation of Pillars One and Two.

20 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/818 The Transfer Pricing Records Regulations 2023

These Regulations set out the form and content of transfer pricing documentation which must be kept and preserved to support MNEs' transfer pricing positions.

20 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC issues clarifications on Structures and Buildings Allowances

HMRC has responded to the CIOT's submission: 'Uncertainties in relation to Structures and Buildings Allowances'.

20 Jul 2023 00:00 | Published by a Tolley Corporation Tax expert

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