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Agent Update: issue 84

HMRC has published Agent Update issue 84 (April-May 2021) providing a round-up of recent developments for tax agents and advisers.

20 May 2021 00:00 | Published by a Tolley Corporation Tax expert

Updated HMRC factsheets on SEISS

HMRC has published updated versions of Self-Employment Income Support Scheme (SEISS) factsheets CC/FS11a and CC/FS47.

19 May 2021 00:00 | Published by a Tolley Employment Tax expert

Updated guidance: Self-Employment Income Support Scheme grant

HMRC has updated its self-employment income support scheme (SEISS) guidance explaining when and how to tell HMRC about a tax return amendment if it affects the eligibility to, or amount of, a grant.

19 May 2021 00:00 | Published by a Tolley Employment Tax expert

Finance Bill 2021: Government proposes Report Stage amendments

The UK Government has published a further batch of amendments to the Finance Bill, which are to be considered at Report Stage on 24 May 2021.

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

HMRC Consultation: Draft regulations for the DOTAS, DASVOIT and POTAS regimes

HMRC has launched a consultation on draft regulations to enable HMRC to act more quickly where promoters fail to provide information on avoidance schemes, and to inform taxpayers at an earlier stage in cases where it suspects an avoidance scheme is being sold. The consultation closes on 13 June 2021.

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

Weekly roundup of HMRC manual changes: 17 May 2021

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

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

Employees working from home eligible for tax relief amid coronavirus (COVID-19)

HM Revenue and Customs (HMRC) has announced that individuals who have been told by their employers to work from home as a result of the coronavirus (COVID-19) pandemic may be eligible for tax relief in the 2021–22 tax year. It is reported that over 550,000 people have already claimed for relief under this system.

14 May 2021 00:00 | Published by a Tolley Employment Tax expert

Updated HMRC guidance on paying Apprenticeship Levy

HMRC has updated its guidance for employers detailing who needs to pay the levy, how to work out what is owed and how to use the levy allowance.

14 May 2021 00:00 | Published by a Tolley Employment Tax expert

Popular Articles

SEIS and EIS ― overview

SEIS and EIS ― overviewThe seed enterprise investment scheme (SEIS) and enterprise investment scheme (EIS) are very similar schemes which offer substantial tax incentives to investors in companies which qualify. The tax incentives for SEIS and EIS investments are intended to encourage investment in

14 Jul 2020 13:31 | Produced by Tolley Read more Read more

Timing of disposal for capital gains tax

Timing of disposal for capital gains taxDate of disposalThe date of the disposal determines the period in which the gain is subject to capital gains tax (CGT). When the rates of CGT change, the determination of the date of disposal can also affect the rate of CGT that applies to the gain.See the

14 Jul 2020 13:50 | Produced by Tolley Read more Read more

First year allowances

First year allowancesFirst year allowances (FYAs) are available on the following items:•first-year relief on qualifying new main rate plant and machinery (at 100%, which is described by HMRC as ‘full expensing’) and special rate assets (at 50%) from 1 April 2023 (companies only). These FYAs were

14 Jul 2020 11:41 | Produced by Tolley Read more Read more