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HMRC has launched a consultation to gather evidence and inform government policy on the proposal for an online sales tax (OST) as a means to rebalance the taxation of the retail sector between online and in-store retail. The consultation will run from 25 February to 20 May 2022.

28 February 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

HMRC’s latest Stakeholder Digest (24 February 2022) provides a round-up of the latest news, including notifying HMRC of uncertain tax treatments, the end of the Statutory Sick Pay Rebate Scheme, reporting Covid-19 support payments in the company tax return and a final self-assessment tax return reminder.

The Office of Tax Simplification has published new papers on: the role of agents and other intermediaries, the operation of the PAYE system, and the scope of its forthcoming reviews of property income and general approach to simplification.

Finance Act 2022

HMRC has published revised advisory fuel rates for company cars which apply from 1 March 2022.

The OECD has received responses to the consultation on the draft rules for nexus and revenue sourcing under Pillar One Amount A.

The CIOT has responded to the Department for Levelling Up, Housing and Communities (DLUHC) and HM Treasury’s technical consultation on the business rates review.

The CIOT has responded to HMRC’s consultation on proposed changes to the Stamp Duty Land Tax rules for mixed-property purchases and multiple dwellings relief which aim to prevent abuse and reduce potential unfairness in mixed-property transactions.

The CIOT has shared an update from HMRC which clarifies HMRC’s position on the purchase of own shares transactions that are effected by a multiple completion contract.

The OECD is seeking public comments on the Draft Rules for Tax Base Determinations under Amount A of Pillar One. The consultation closes on Friday 4 March 2022.

21 February 2022 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

The Chartered Institute of Taxation (CIOT) has responded to HMRC’s consultation on modernising tax debt collection from non-paying businesses.

The OECD secretary-general tax report to G20 finance ministers and central bank governors has been published.

The CIOT has responded to HMRC’s consultation on the draft Social Security Contributions (Freeports) Regulations 2022 which will maintain the new NICs relief where an employee’s time spent at a freeport site is limited due to a protected characteristic.

The Association of Taxation Technicians (ATT) is calling for a rethink of the Government’s plan to require companies to notify HMRC in advance that they intend to claim R&D tax reliefs, because the ATT fears it risks denying tax relief to the very smallest and newest companies that need this tax relief the most.

HMRC has published Agent Update issue 93 (February 2022) providing a round-up of recent developments for tax agents and advisers.

The UK and Scottish governments have made a landmark agreement to establish 2 new Green Freeports in Scotland.

HMRC has published new guidance that provides information on how and when employers can claim NICs relief on the earnings of qualifying veterans.

HMRC has launched a technical consultation seeking views on draft regulations, which will widen the scope of the tax legislation applying to alternative finance arrangements. The consultation runs until 11 March 2022.