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Consultation outcome: Online Sales Tax

HMRC has published the outcome and summary of responses to the consultation on an online sales tax (OST). The Government has decided not to proceed with such a tax.

10 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

CIOT urges the Government to review “unfair” repayment interest rates

The CIOT urges the Government to review “unfair” repayment interest rates, with taxpayers facing late payment bills from HMRC up to 17 times higher than what is returned to those who have overpaid.

09 Feb 2023 18:30 | Published by a Tolley Corporation Tax expert

HMRC new Litigation and Settlement Strategy Manual

HMRC has published a new manual on its Litigation and Settlement Strategy.

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

CIOT response: GloBE Information Return and Tax Certainty for the GloBE Rules

The CIOT has responded to the OECD consultations on Pillar Two – GloBE Information Return and Tax Certainty for the GloBE Rules.

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

Weekly roundup of HMRC manual changes: 6 February 2023

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

06 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC publishes new guidance on Cross-border arrangements

HMRC has published new guidance on reportable cross-border arrangements under the Mandatory Disclosure Rules (MDR).

06 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC late payment interest rates following Bank of England decision

HMRC is increasing the late payment rate of interest to 6.5%, and the repayment interest rate to 3% from 21 February 2023. Interest on quarterly instalment payments of corporation tax is also increased from 13 February 2023.

06 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

OECD releases manual on the handling of multilateral mutual agreement procedures and advance pricing arrangements

OEDC has published a Manual on the Handling of Multilateral Mutual Agreement Procedures (MAPs) and Advance Pricing Arrangements (APAs), in line with the Forum on Tax Administration's (FTA) tax certainty agenda.

03 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

SI 2023/107 The Annual Tax on Enveloped Dwellings (Indexation of Annual Chargeable Amounts) Order 2023

This Order states the annual chargeable amounts of the annual tax on enveloped dwellings for chargeable periods beginning on or after 1 April 2023.

03 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC internal manual Alternative Dispute Resolution Guidance

HMRC has published a new manual on Alternative Dispute Resolution.

03 Feb 2023 00:00 | Published by a Tolley Corporation Tax expert

Lords Committee publishes report on research and development tax relief and expenditure credit

The Economics Affairs Finance Bill Sub-Committee has published its report on Research and development tax relief and expenditure credit.

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

OECD Administrative Guidance on the Global Anti-Base Erosion Model Rules (Pillar Two)

The OECD/G20 Inclusive Framework on BEPS has released technical guidance on the Global Anti-Base Erosion Model Rules (Pillar Two).

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

CIOT budget representations 2023

The CIOT has made budget representations on ‘CGT – relief for gifts of business assets’ and ‘Company purchase of own shares – multiple completion contracts’.

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

Weekly roundup of HMRC manual changes: 30 January 2023

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

30 Jan 2023 00:00 | Published by a Tolley Corporation Tax expert

Public comments on simplification of transfer pricing rules

The OECD has published public comments on the design elements of Amount B under Pillar One relating to the simplification of transfer pricing rules.

30 Jan 2023 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 26 January 2023

HMRC’s Stakeholder Digest (26 January 2023) provides a round-up of recent news and updates.

27 Jan 2023 00:00 | Published by a Tolley Corporation Tax expert

VAT: motor vehicle second-hand margin scheme introduced for NI

New legislation introduces the long-anticipated VAT margin scheme for second-hand motor vehicles bought in Great Britain and removed to Northern Ireland or exported to the EU for resale, side-stepping the restriction on second-hand margin schemes in the Northern Ireland Protocol.

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

OECD releases revised methodology for the BEPS Action 14 peer reviews

The OECD has agreed a new assessment methodology for continuing the robust peer review process that seeks to increase efficiencies and improve the timeliness of the resolution of double taxation disputes.

25 Jan 2023 00:00 | Published by a Tolley Corporation Tax expert

Public comments on draft Multilateral Convention provisions on digital services taxes under Amount A of Pillar One

The OECD has published public comments on the draft Multilateral Convention (MLC) provisions on digital services taxes (DSTs) and other relevant similar measures under Amount A of Pillar One.

25 Jan 2023 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 23 January 2023

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

23 Jan 2023 00:00 | Published by a Tolley Corporation Tax expert

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