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Relief from Stamp Duty Land Tax in Freeport tax sites

HMRC has published new guidance on how to claim relief from Stamp Duty Land Tax (SDLT) when buying land or buildings in a Freeport tax site.

12 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC guidance: managing agent authorisations online

HMRC has published new guidance for advisers on how to register as an agent with HMRC, how to change or remove agent authorisations and how to give staff access to HMRC online services for agents.

08 Jul 2021 00:00 | Published by a Tolley Employment Tax expert

Legislation Day: Tuesday 20 July 2021

Draft legislation for the next Finance Bill will be published on Tuesday 20 July 2021.

08 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Treasury direction and updated HMRC guidance on self-employment income support scheme (SEISS) fifth grant

HM Treasury has published the required Treasury Direction setting out the detail of the fifth SEISS grant. As promised by early July, HMRC has also updated number of its guidance notes with information in relation to the fifth SEISS grant.

06 Jul 2021 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 5 July 2021

5 July 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

05 Jul 2021 00:00 | Published by a Tolley Corporation Tax expert

Self-assessment return for self-employment income support scheme (SEISS)

HMRC has published new guidance which details when taxpayers may need to make a change to their self-assessment tax return for SEISS payments, and how to do it.

05 Jul 2021 00:00 | Published by a Tolley Employment Tax expert

Making Tax Digital for Income Tax Self-Assessment: policy update

Draft Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) Regulations 2021 have been published.

02 Jul 2021 00:00 | Published by a Tolley Employment Tax expert

HMRC issue briefing: Collecting tax debts after coronavirus

HMRC has published a paper setting out its approach to collecting tax debts and supporting taxpayers as the UK emerges from the coronavirus (COVID–19) pandemic.

30 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

SI 2021/740 The Finance Act 2020, Schedule 11 (Appointed Day) (Northern Ireland) Regulations 2021

These Regulations provide for 29th June 2021 to be the appointed day for the commencement of paragraphs 8 and 13 of Schedule 11 to the Finance Act 2020.

29 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

The UK Property reporting service and its interaction with self-assessment

The Association of Taxation Technicians (ATT) has shared an update from HMRC concerning about the interaction between the UK Property Reporting Service and self-assessment, particularly in the case where an individual has been charged (and paid) more CGT following the in-year report of their disposal via the service than is due under self-assessment and is now seeking a refund.

29 Jun 2021 00:00 | Published by a Tolley Employment Tax expert

Weekly roundup of HMRC manual changes: 28 June 2021

28 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

28 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

National Insurance Contributions Bill 2021-22: Committee stage

The National Insurance Contributions (NIC) Bill 2021-22 has passed the Committee stage without amendment.

28 Jun 2021 00:00 | Published by a Tolley Employment Tax expert

HMRC updated Employer Bulletin: June 2021

HMRC has updated its bi-monthly magazine for June 2021 to provide the latest information for employers and agents on the deadline of 30 June 2021 which applies to both the EU Settlement Scheme and the Small to Medium Enterprise (SME) Brexit Support Fund.

23 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

First Tier Tribunal (FTT) guidance update on PDF bundles and appeals

The First-Tier Tribunal (FTT) has updated its guidance on delivering PDF bundles for use in hearings in the Tax Chamber.

23 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Weekly roundup of HMRC manual changes: 21 June 2021

21 June 2021 - This roundup sets out the most important changes to HMRC manuals over the past week as curated by our editors.

21 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC guidance on applying for a SDLT refund

HMRC has updated its Stamp Duty Land Tax (SDLT) guidance to add information on checks, repayments and paying back amounts that are not due.

21 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

New OECD report on fighting tax crimes

The Forum of Heads of Tax Crime Investigation has welcomed the launch of a new edition of the global reference guide setting out the ten core requirements for jurisdictions to be able to effectively tackle tax crime.

18 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

HMRC CJRS guidance updates

HMRC has updated its guidance with information about the changes to the CJRS from 1 July 2021 and claims for furlough days in June 2021.

18 Jun 2021 00:00 | Published by a Tolley Employment Tax expert

Agent Update: issue 85

HMRC has published Agent Update issue 85 (June 2021) providing a round-up of recent developments for tax agents and advisers.

17 Jun 2021 00:00 | Published by a Tolley Corporation Tax expert

Law Society response: HMRC consultation on raising standards in the tax advice market

Responding to HMRC’s consultation on raising standards in the tax advice market, the Law Society supports the principle of mandatory professional indemnity insurance (PII) for anyone who provides tax advice, so long as the new regime does not create additional burdens for regulated professionals who are already subject to minimum PII requirements.

16 Jun 2021 00:00 | Published by a Tolley Employment Tax expert

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Research and development expenditure credit (RDEC)

Research and development expenditure credit (RDEC)This guidance note provides information on how research and development expenditure credits (RDEC) are calculated and utilised. The Qualifying expenditure for R&D tax relief guidance note provides information on what expenditure qualifies for

14 Jul 2020 13:24 | Produced by Tolley in association with Will Sweeney Read more Read more

Ministers of religion

Ministers of religionMost ministers of religion or members of the clergy are either office-holders or employees and so their earnings are taxable under ITEPA 2003 as employment income and are subject to Class 1 National Insurance.For the purposes of the tax system, a minister does not have to belong

14 Jul 2020 12:14 | Produced by Tolley Read more Read more

Overseas property businesses for companies

Overseas property businesses for companiesOverviewReal estate income is generally taxed where the property is located; the UK tax treaties generally allow the jurisdiction where the land is located to tax income from the land.Therefore, a UK company with overseas property may be subject to tax in

14 Jul 2020 12:22 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax Read more Read more