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CIOT responds to HMRC review of Double Taxation Treaties 2022-23

The Chartered Institute of Taxation (CIOT) has issued a response to the HMRC stakeholder consultation on Review of Double Taxation Treaties (DTTs) 2022-23.

27 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 24 January 2022

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

24 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

OECD publishes new 'harmful tax practices' peer review conclusions

The OECD has published the results from its latest peer review of preferential tax regimes on Mutual Agreement Procedures.

24 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Law Society response: Corporate re-domiciliation consultation

The Law Society jointly with the City of London Law Society has responded to HMRC’s consultation on the introduction of a UK re-domiciliation regime to support companies seeking to relocate to the UK.

24 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

OECD releases latest edition of the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations

The OECD has released the 2022 edition of the OECD Transfer Pricing Guidelines which provide guidance on the application of the ‘arm’s length principle’.

20 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Agent Update: issue 92

HMRC has published Agent Update issue 92 (January 2022) providing a round-up of recent developments for tax agents and advisers.

20 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Technical consultation: Uncertain Tax Treatment guidance

HMRC has launched a technical consultation seeking views on the technical guidance for the government’s new policy on the requirement for large business to notify HMRC when they take an uncertain tax position.

18 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

CIOT response to Corporate Re-domiciliation consultation

The Chartered Institute of Taxation (CIOT) has responded to the BEIS, HMT and HMRC consultation on Corporate Re-domiciliation.

17 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 17 January 2022

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

17 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Welsh Revenue Authority guidance on tax avoidance and evasion

The Welsh Revenue Authority has issued new guidance summarising its approach to dealing with tax avoidance and evasion, including its powers to issue penalties in relation to the devolved taxes.

13 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Finance Bill 2022 completes Public Bill Committee stage

The Public Bill Committee has completed its work on Finance Bill 2022 and the Bill has been reported with amendments to the House.

13 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on Self-Employment Income Support Scheme (SEISS)

HMRC has updated its guidance on the Self-Employment Income Support Scheme (SEISS) to ask self-employed individuals and members of partnerships who were unable to make a claim due to HMRC error to contact HMRC by 28 February 2022.

12 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC reminds businesses to declare COVID-19 grants on tax returns

HMRC is urging tax agents and accountants to remind their clients that COVID-19 support grants or payments are taxable and should be declared on their company tax returns.

12 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

UK launches consultation on domestic implementation of global minimum tax for large multinational groups

HMRC has launched a consultation seeking views on domestic implementation of the OECD Pillar Two rules for a worldwide 15% minimum corporation tax rate for large multinational groups.

12 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 6 January 2022

The CIOT has published the latest HMRC Stakeholder Digest (6 January 2022) which provides a round-up of the latest news and updates.

10 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 10 January 2022

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

10 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Potential date for Spring Statement 2022

The Chancellor of the Exchequer has commissioned the Office for Budget Responsibility to produce an economic and fiscal forecast for Wednesday 23 March 2022.

07 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Welsh Parliament consults on Bill to modify Welsh Tax Acts

The Welsh Parliament is consulting on a Bill to give Welsh ministers powers to modify the Welsh Taxes Acts for various purposes.

07 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Tunisia commits to start automatic exchange by 2024

Tunisia has committed to implement the international Standard for Automatic Exchange of Financial Account Information in Tax Matters (AEOI) by 2024, which makes Tunisia the 121st Global Forum member to commit to start AEOI by a specific date, and the tenth African country to do so.

06 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

HMRC Stakeholder Digest: 22 December 2021

The CIOT has published the latest HMRC Stakeholder Digest (22 December 2021) which provides a round-up of the latest news and updates.

06 Jan 2022 00:00 | Published by a Tolley Corporation Tax expert

Popular Articles

Income tax losses ― overview

Income tax losses ― overviewIncome tax losses can arise due to a number of reasons, but not all losses can be relieved against total income and some losses can only be set against certain types of component income. The table below is a summary of the main reliefs for income tax losses.Summary of

04 Mar 2021 12:19 | Produced by Tolley Read more Read more

Self assessment ― amendments and corrections

Self assessment ― amendments and correctionsOnce a self assessment tax return has been filed, both HMRC and the taxpayer (or the agent) has the right to make changes to the return. There are different time limits depending on whether it is a correction by HMRC or an amendment made by the

14 Jul 2020 13:37 | Produced by Tolley Read more Read more

Holdover relief for disposals by trustees

Holdover relief for disposals by trusteesOverviewWhere a capital gain has been realised on an asset that has been disposed of and that disposal was not for full value (that is not in an arm’s length sale) then holdover relief may be available. This will happen when trustees appoint capital assets

14 Jul 2020 11:54 | Produced by Tolley Read more Read more